RITCHEY TAGG plc plans to expand its export operations after buying a healthcare company for £270,000.
The animal care and management group, based in Masham, North Yorkshire, will use the established trade links and manufacturing facilities of Marabo Ltd to expand its customer base.
Geoff Rhodes, managing director, believes he can transform the fortunes of Marabo, which will now come under the Ritchey Tagg group name.
He plans to quadruple the acquisition's £500,000 turn-over within the next two years.
Mr Rhodes said: "Significantly, this acquisition represents an opportunity for export expansion, particularly in Europe.
"It also enhances our existing manufacturing capacity, while control of our cost base enables us to be more competitive both in UK and export markets.
"The products complement our award-winning ranges, enabling us to offer customers greater choice and improved service, supported by our existing infrastructure."
Ritchey Tagg will keep Marabo's existing production facilities at Bamber Bridge, near Preston, Lancashire, but will transfer all other operations to its headquarters.
Marabo produces a range of animal products, including fly repellant and udder paste.
Ritchey Tagg, which has a turnover of about £7m and employs 89 staff, exports to 42 countries.
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