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Disctronics sells to Rank in 34m [pounds sterling] deal.
Europe's largest independent CD and DVD disc manufacturer, Disctronics, has been sold to the Rank Group for more than 34m [pounds sterling].
The deal, which was announced last Friday, sees Rank's subsidiary Deluxe Global Media Services (DGMS) acquire Disctronics' two UK production facilities at Blackburn and Southwater, near Crawley, and its two European plants at Toulouse in France and Milan, Italy.
DGMS is part of the group's Deluxe Media Services business based in Buckinghamshire and its managing director Terrence Davison takes over the running of the company from CEO David Mackie, who is leaving the business after 10 years.
It is understood that Mackie will remain as a consultant for an undisclosed period.
"It is a real wrench to sell but I have had a great time," says Mackie. "The rest of the team will remain in place, but I am planning to take a sabbatical for six months to chill out."
The deal will help the Rank Group expand its profitable DVD manufacturing business. Deluxe replicated 69m DVDs and distributed 171m DVD units in the year to December 2002 from its eight sites across Europe, including the UK.
Disctronics' plant at Southwater manufactures all the company's DVDs, while audio CDs and CD-Roms are produced at Blackburn. In the eight months to February these two factories accounted for 80% of the company's sales. Its last ...
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