A PENDLE firm has undergone a management buyout giving it a 'stronger platform for further growth'.

Tharstern Ltd, which provides software services to the printing industry, has been sold for an undisclosed sum.

The deal has been led by managing director Keith McMurtrie, technical director Antony Lord and sales director Lee Ward, supported by a combined debt and equity package from Mobeus.

The three directors have acquired a significant ownership stake after purchasing the business from the family of the original founder, who set up Tharstern 30 years ago.

Tharstern Ltd has a £4m turnover and employs 46 people, with 30 based in Colne and the rest field-based.

Tharstern will remain in its 10,000 sq ft recently refurbished premises.

Mr McMurtrie said: “The deal will provide security and continuity, and ensures Tharstern retains its brand.”