Finance Specialist Helps Arcnor's Symbiosis Deal

Arcnor, a newly formed holding company led by former Vertis sales director Craig Prince, has made its first acquisition with the purchase of Symbiosis Group.

Arcnor, a newly formed holding company led by former Vertis sales director Craig Prince, has made its first acquisition with the purchase of London based direct marketing and communications specialist Symbiosis Group.

Symbiosis currently operates under the trading names of Whitewater Graphics, Octopus Digital and POS Promotions.

Through those three operations, Symbiosis offers corporate and brand clients an integrated network of marketing services.

Arcnor has already committed a substantial sum to upgrade all IT systems and equipment, so that it can widen its appeal to existing and potential customers.

Commenting on the acquisition Craig Prince said: "This is a business with an excellent reputation for customer service over the past 30 years.

With an injection of new ideas and the investment in equipment, we intend to become a significant force in marketing services." Peter Petyt, the director of corporate finance at accountancy firm UHY Hacker Young, which specialises in the print and marketing sector, advised Arcnor on the transaction.

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