Datatrade performs MBO

Released 13/07/2010

Northampton reseller appoints new shareholders and directors following management buyout

Datatrade has today announced a management buyout that sees the addition of the addition of new shareholders and directors Kevin Mansworth, Pete Laplanche and Justin Clubb to the board. Datatrade specialises in dot matrix, line matrix mobile and thermal printing solutions.

The existing shareholders of Datatrade, Mark James, Sue James and Clive Lacey, led the management buyout to create a new holding company, Datatrade Holdings.

Mansworth is to become non-executive chairman, bringing experience from the IT channel, having built-up and sold distributor XMA in 2007. Laplanche remains sales director and Clubb will become the company's financial director.

"We welcome the appointment of Kevin Mansworth and are pleased with the direction Datatrade has taken," said one of Datatrade's primary suppliers, 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. Datatrade offer a unique combination of printing solutions experience and service excellence."

"This is a positive step for Datatrade and will hopefully strengthen our position in the market as a trusted VAR," said Datatrade MD, Mark James. "We look forward to continuing the working partnership with DASCOM GB and growing market share for both companies."

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