Great Northern Envelopes (GNE) – one of the leading UK suppliers of envelopes to major financial institutions and direct mail operations has undergone a management buy-out. The company, previously part of the Adare Group, is recognised as the ‘driving force’ in envelope supply and solution provision.
Located in a 77,000 sq ft premises on the Treefield Industrial Estate in Leeds, GNE has a turnover of over £23 million (doubling since 2000) and employs 123 dedicated and professional team members. GNE grew through the 90’s to become the best known UK envelope manufacturer for the Direct Mail Industry. GNE are key suppliers, often sole suppliers, to many blue chip organisations who have totally outsourced the responsibility for envelope supply
Equity funding came from YFM Private Equity (YFM) and Matrix Private Equity investing funds from the Baring English Growth Fund. Royal Bank of Scotland Corporate and Structured Finance Manchester, RBS Commercial Services and Lombard provided banking facilities for both the acquisition and to fund future development opportunities.