Datatrade announces MBO

Print reseller Datatrade has completed a management buyout (MBO), which will see the addition of new shareholders and directors to the board.

The existing shareholders of Datatrade, Mark James, Sue James and Clive Lacey, led the management buyout to create a new holding company, Datatrade Holdings Ltd. Kevin Mansworth is to become non-executive chairman, bringing channel experience, having built-up and sold distributor XMA Ltd in 2007. Pete Laplanche remains as sales director and Justin Clubb will become the company’s financial director.

Datatrade is a key DASCOM GB partner, and the print manufacturer has welcomed the move. “We welcome the appointment of Kevin Mansworth and are pleased with the direction Datatrade has taken,” says DASCOM GB’s MD, Robin Edwardes.
“With his wealth of experience, added to that of Mark James and the other directors, Kevin knows the mission critical printing issues that companies face, and will be able to offer the right focus to provide customers with the most suitable applications.”
“This is a positive step for Datatrade and will hopefully strengthen our position in the market as a trusted VAR,” adds Mark James. “We look forward to continuing the working partnership with DASCOM GB and growing market share for both companies.”