A Midlands-based workspace interiors firm has bought out a nearby competitor to consolidate its standing in the region and strengthen its creative offering. Rhino Interiors Group, with offices in Coventry and Birmingham, announced the acquisition of Derby-based Three Hundred & Sixty Degrees last week with an official takeover date of October 3 2018.
As of Wednesday October 3, the Three Hundred & Sixty Degrees (360) team will join forces with Rhino, which will assume ownership of the brand and its assets. The business, which started up in 2003, will become part of the rapidly expanding Rhino Interiors Group, with founder and former managing director Howard Barnes joining Rhino to head up its workplace design arm.
Rhino, which has been in business for 40 years, delivers a turnkey solution for office interiors, which includes workspace consultancy, design, fit-out and furniture.
The group has grown significantly over the past two years. In February, it opened a new office on Birmingham’s Colmore Row. Over the last 12 months, it has increased turnover by 50 per cent. Today it has 30 staff and counting.
The acquisition puts Rhino in a strong position to compete on a national scale, while servicing clients more creatively, with “an all-round richer and more polished experience,” according to Ben Wheatcroft, managing director.
“The opportunity to acquire 360 was a no-brainer for us,” he said. “It is a well-known name in the regional office fit-out market with very complementary skillsets and customer profiles.
“It is an opportunity to add the flair and creativity that 360 are renowned for, backed by the strong delivery capabilities of Rhino, which we believe will further support our ability to deliver inspirational office design and fit-outs across the UK.
“Being centrally based, we have the ability to service the whole of the country. This is more of a move to strengthen our design capabilities for the future and will allow us to compete at a much greater level than we have been able to before.”
Rhino Interiors Group helps businesses future-proof their offices, improve productivity and reduce real estate costs through smart design, creative fit-outs and the latest innovations in workspace furniture.
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