Corporate Resource Services Expands Footprint To Europe With FlexPlus Acquisition
Corporate Resource Services, Inc. (NASDAQ: CRRS), a diversified
technology, staffing, recruiting and consulting services firm, today
announced that it has closed on the acquisition of UK-based Flex
Corporate Resource Services, Inc. (NASDAQ: CRRS), a diversified technology, staffing, recruiting and consulting services firm, today announced that it has closed on the acquisition of UK-based Flex Recruitment Plus Limited (FlexPlus). “We are very excited with the addition of FlexPlus to our team,” said Mark S. Levine, Chief Operating Officer for Corporate Resource Services, Inc. “This acquisition will act as our platform company in Europe and we will be utilizing the existing management team at FlexPlus to build our European business both organically and through acquisitions.” “The FlexPlus acquisition gives us a strategic presence in the UK and Europe,” said Michael J. Golde, Chief Financial Officer of CRS. "This is a major win and will enable us to execute on cross-selling opportunities into the United Kingdom with CRS’ existing client base. We see great potential in the UK and broader European market as economic conditions are improving and the demand for recruitment is expanding. FlexPlus’s technology offerings are also a perfect fit with ours. The acquisition will be immediately accretive to earnings, and as we welcome FlexPlus into our family, we see a clear path to creating even greater overall profitability and increasing value for our shareholders.” About FlexPlus: FlexPlus is a staffing and technology business specializing in the placement of temporary, contract and permanent candidates into the logistics, fulfillment, warehousing and retail sectors. Based in Leicestershire in the UK Midlands, its technology, operations and on-site services can be provided to all four corners of the United Kingdom. FlexPlus’ innovative online recruitment platform, i-Integra enables the Company to provide complete end-to-end recruitment solutions to its clients. For more information, visit http://www.flexplus.co.uk/. About Corporate Resource Services, Inc.: Corporate Resource Services, Inc. provides cloud-based enterprise applications and hosting services to PEO and staffing companies, as well as diversified staffing, recruiting, and consulting services. The Company offers trained employees in the areas of Insurance, Information Technology, Accounting, Legal, Engineering, Science, Healthcare, Life Sciences, Creative Services, Hospitality, Retail, General Business and Light Industrial work. The company’s blended staffing solutions are tailored to our customers’ needs and can include customized employee pre-training and testing, on-site facilities management, vendor management, risk assessment and management, market analyses and productivity/occupational engineering studies.