The Claverley Group has taken a majority shareholding in Kennedy Enterprises Ltd, publisher of children’s magazines.
Posted on: 10 April 2018 08:08
Phil Inman: "The deal shows Claverley’s commitment to print and will further grow our portfolio of businesses."
Kennedy publishes a portfolio of 25 different magazines, with annual copy sales close to 4 million, says Claverley Group.
The investment will see Kennedy Publishing, the company under which Kennedy Enterprise Ltd trades, continue to operate from its current base in Wick, near Bristol.
The agreement with Claverley has been made with a view to support the further growth of the business.
Dean Barber, circulation director of the Claverley-owned Midland News Association, has been appointed as managing director of Kennedy Publishing.
Dean will work alongside the current shareholders of the business, Joanne and Paul Kennedy.
The Claverley Group comprises of MNA, publisher of the Express & Star and Shropshire Star; the Guiton Group, which owns Jersey Evening Post and Guernsey Press; commercial print company Precision Colour Printing; and publishing software company Press Computer Systems.
Claverley Group CEO Phil Inman said: “We are delighted to confirm our investment in a growing business and look forward to working with the current shareholders to support the development of the portfolio of titles over the coming years.
“The deal shows Claverley’s commitment to print and will further grow our portfolio of businesses.”
Paul Kennedy said: “Claverley is well known to us through our longstanding relationship with Precision Colour Printing. We welcome the opportunity to draw upon its strengths while continuing to increase our range of quality magazines.”
Featured Supplier Video
Association of Circulation Executives
A vibrant, celebratory atmosphere was prevalent at the London Marriott Grosvenor Square on Thursday 3rd May 2018 as ACE hosted The Newspaper & Magazine Awards. The Newspaper and Magazines awards this year was a truly memorable event and we are already getting ready for next year. Entry will be open from January 2019 and we want to hear from you. Have you gone out on a limb, pushing the boundaries of your title, yourself and your team? Have you seized the initiative, persevered with your strategy and achieved exceptional performance? For more information, click here
Most read on InPublishing
These are the most read stories on the InPublishing website over the last 14 days, in order from the top.
This list is based on data from Google Analytics, and is refreshed every 24 hours. (Last updated: 19/08/2018 06:42)