North East signage and graphics business Astley Signs has been acquired by a Swedish group that specialises in retail technology businesses.
Mindelon AB has pledged support for Astley following the undisclosed deal in which it acquired all shares in the business. Astley will become part of the group’s Retail Solutions portfolio.
Shareholders Gavin Redhead, Astley’s managing director, and David Forrester, the firm’s sales director, will continue in their current positions at the company, while chairman David Redhead will step down.
