Major London operator buys business services firm out of administration

Smethwick- and Telford-based OfficeTeam has been bought by Paragon Group, after its parent company Spicers Office Team (SPOT) went into administration.

SPOT appointed administrators last month, when its private equity owner Better Capital announced it was looking to find a buyer for the business.

Paragon, a provider of customer communications, identification, graphics and business services, announced the deal, alongside the acquisition of Oldham-based ZenOffice.

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