Print and web design firm Grafenia has acquired sign manufacturer and exhibition contractor Image Everything in a deal worth about £3m.

An initial sum, paid on completion, includes cash of £1.15m, together with vendor loan notes of £1.25m. A further £600,000 is contingent upon the achievement of several targets.

Based in Manchester, England, Image Everything was established in 1998.The company, which currently has a workforce of 41, offers merchandising, retail graphics, site branding, signage, promotional advertising and exhibition solutions to its clients.

The company invested in digital print and finishing equipment in the past fifteen years. The business operates from a 60000ft² facility near the Trafford Centre in Manchester. 

The facility featyures large format digital printing and finishing equipment, alongside traditional disciplines, like precision joinery, in-house painting and steel fabrication.  

Image Everything posted a revenue of £4.81m for the year ended 31 May 2016. The unaudited management accounts for year ended 31 May 2017 reported revenue in excess of £5.53m.

In the year ended 31 May 2016, the company’s  closing net assets stood at £0.23m and profit before tax was £0.43m.

Image Everything joint founder Neil Cousins said: "The UK has huge potential for brand development across all sectors. Our vision is to supply a full range of commercial support products and services, from websites to commercial signage, and everything in-between, to satisfy that need.

“Image's size means we have instant capacity to scale our signs business and centrally produce a new range of signage and display products.”

“In turn, this makes our Nettl partner offering more compelling. It moves us closer to our aim of developing Nettl into the leading network of web, print and sign studios in the UK and further afield.”

Grafenia CEO Peter Gunning said: “Despite us being in the same neighbourhood and same market, there's hardly any overlap in the products we currently make and sell to our clients. It just makes sense to combine our two businesses and present clients with a more joined-up experience.”