New Brunswick owner looks ahead to strong 2012

20th Mar 2012 North East

The new owner of Middlesbrough-based Brunswick Document Management has said acquisitions made over the past 18 months have continued to boost earnings.

In the year to 31 December 2011, listed document storage business Restore posted a £2m pre-tax profit on sales which had increased by 26 per cent to £34.8m. The performance led to a first dividend of 1p being recommended.

Acquisitions made by Restore included the £1.2m acquisition of Brunswick in November 2011.

Founded in 1998, Brunswick customers are predominantly in the North East. Restore said the deal, one of four in 2011, strengthened its presence in the region.

"We have excellent business visibility and are well positioned to continue to broaden the scale and scope of the group's activities," said chief executive Charles Skinner.

"The board remains encouraged by the trajectory of the group and looks forward to another year of strong progress in 2012."

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