V-BIZ!

The best of Valleys business and enterprise

BLACKWOOD
Jones hands over the baton at Pensord

This is the dawn of a new era at award-winning sheet-fed magazine printer Pensord. A new team of familiar faces takes the helm of the company following a management buyout by two of the senior directors, members of outgoing Chief Executive Tony Jones and Finance Director Graham Lambert's team - a team that has built the company into one of the strongest and best known in the industry.



Leading the company into its 42nd year are new Managing Director Darren Coxon with fellow Director Karl Gater as Operations Director as they look to sustain and build on the £12m turnover business that has just recorded its best ever first half-yearly performance in both sales and profits.

Tony Jones said, "When I led my own management buyout in 2003 I felt it was the best route to turning an underperforming company around, and I now feel as a team we've achieved that objective, that the job is done. It's time for Graham and me to look for new challenges, secure in the knowledge that an MBO is again the best way to continue the legacy at Pensord. When we recruited both Darren and Karl, I was looking for people with the expertise in their fields who shared our ideology in creating a unique culture at Pensord. I am delighted that they will now succeed us to continue that culture into the future. This is a special company with special people working in it, and I have every faith that Darren and Karl will sustain and build on the success we've enjoyed as they take the company forward."

Darren and Karl will inherit a company that has become a force in magazine printing, with a team of 143, and over 380 magazine titles in its care, along with an enviable reputation in the industry. Pensord has won the Printer of the Year Award and recognition for employee development, evidenced by its Investors in People status.

www.pensord.co.uk