Tuffnells owner Connect Group has completed the sale of its care and education division to education resource provider RM. Connect’s sale of the division to RM for £64.4m, including £56.5m cash and a deficit of £7.9m relating to the business’s pension fun, was announced in February this year. In April the Competition and Markets Authority (CMA) launched an investigation into whether the deal would lead to a “substantial lessening of competition” in the sector. However it received unconditional clearance from […]
Tuffnells owner Connect Group is to sell its care and education division in order to focus on the growth of its parcels and news services.
Tuffnells Parcels Express MD Chris Ward is leaving the business following its integration within parent company Connect Group.
Tuffnells Parcels Express has been acquired by newspaper and magazine distributor Connect Group for £113.4m.