As reported by several news outlets in the industry late last week, the writing instruments manufacturer Manuscript Pen Company has now acquired stationery distributor, Lime Art & Stationery.
The transition now means that Manuscript will own both the Lime Art & Stationery business and its subsidiaries based in the UK going forwards.
It is said that the transaction of the firm was concluded at the beginning of August this year, with the deal now meaning that both Manuscript and Lime will begin trading as one joint entity.
Manuscript commented that the addition of Lime will give it “more diversity and strength in the domestic market” and “allow it to grow as a business”.
A Smooth Transition Assured for Manuscript Pen Company and Lime Art & Stationery
In order for the business transition to take place as efficiently as possible, it has been confirmed that Lime’s now former owners – Michael Owen, Tracy Owen and Jon Sumner, will continue to trade as representatives of the new Manuscript and Lime merger.
It is hoped that by doing so, it will ensure both companies supply chain partners and customers will be able to easily adapt to the changes, providing no detrimental effects to their current trading agreements and processes.
Managing Director of Manuscript Pen Company, Charlie Stockbridge, emphasized that this new acquisition would prove to be of great benefit for both parties, expressing that it would be “a real opportunity for both Manuscript and Lime to expand and increase their footprint in an ever-changing industry.”
“This is a key step in the growth plans of Manuscript as a brand and the company as a whole.
The purchase of Lime Stationery made complete sense, due to their reputation, strong UK sales presence and network of contacts.
They join the Manuscript family and I can’t wait to see where this acquisition takes us.”
Manuscript and Lime a ‘Perfect Match’
Supporting many of the thoughts and sentiments expressed by Stockbridge, one of the former owners of Lime, Michael Owen, comments:
“We’ve known Manuscript for over a decade and seen how they have developed and grown.
They are one of the most forward-thinking companies in the industry and our combined skills and knowledge will be a perfect match.”
“We’re excited for what the future holds and looking forward to working together.”