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Acquisition of Addiction Worldwide

24th Sep 2012 07:00

RNS Number : 9001M
The Mission Marketing Group PLC
21 September 2012
 

The Mission Marketing Group plc

 

Acquisition of Addiction Worldwide

 

The Mission Marketing Group plc ("the missiontm" or the "Company"), the national marketing communications and advertising group, is pleased to announce that it has acquired certain trade and assets of Addiction Worldwide Limited ("Addiction") for an undisclosed sum.

 

Founded in 1998, Addiction specialises in content and production with a strong skill base in 'Above The Line', digital and social, listing B&Q, Remington and Voss water among its Clients.

 

Under the terms of the transaction, the missiontm will take over the lease of Addiction's Percy Street offices, which will also become home to Bray Leino's London operation. The combined teams will be working closely to create an exciting new entity for the group in London.

 

Jeremy Rainbird, founder and Chief Executive of Addiction, commented: "Becoming part of the missiontmis great for Addiction, not just because it gives us access to their great Client list but because we believe in what the missiontm is doing and like the way they do it."

 

Executive Chairman of the missiontm, David Morgan, said: "With its in-house production capability and strong reputation in above-the-line work, Addiction is another valuable addition to the range of services we can provide our Clients from any of the mission's seven Agencies. This further strengthens our unique proposition and integrated model, which we believe is unsurpassed in the industry."

 

 

Enquiries:

 

The Mission Marketing Group plc

David Morgan, Chairman

Peter Fitzwilliam, Finance Director

 

020 3463 2099

 

finnCap Limited

Geoff Nash/Henrik Persson (corporate finance)

Simon Starr (corporate broking)

020 7220 0500

 

 

the missiontm is a national marketing communications and advertising group, listed on AIM (TMMG). The Group specialises in providing national and international clients with award winning marketing, advertising and business communications. Group members include April-Six, Big Communications, Bray Leino, RLA, Robson Brown, Story and ThinkBDW. Following the Addiction acquisition, the missiontm now employs over 750 staff in 15 offices across the UK.

 

www.themission.co.uk

This information is provided by RNS
The company news service from the London Stock Exchange
 
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