Select group has bought US rival Westaff.
 
The Koosharem Corporation, Select’s parent company, announced that it has completed its acquisition of Walnut Creek, California-based Westaff, acquiring the shares of Westaff held by the minority shareholders for $1.25 (83p) per share in cash. Select also purchased the remaining shares of Westaff owned by limited liability company DelStaff for roughly $1.25 per share.

The purchase will create an entity with over $1.6bn (£1.06bn) in annual staffing revenue.

Westaff UK, formerly past of the Westaff group, is unaffected by the deal following the acquisition of 100% of its shareholding (for an undisclosed sum), in March 2008 by David Mogford, its UK managing director.