Minale Tattersfield & Partners chairman Marcello Minale has sold his stake in transport and interiors subsidiary Minale Tattersfield & Acton, after months of speculation over a rift between Minale and Maurice Acton (DW 28 March).
The deal, for an undisclosed sum, releases Minale’s 50 per cent share to MTA partner Acton. Acton now owns 100 per cent of the consultancy, now renamed MTA Design.
“The change in the company’s ownership will provide a new impetus for further expansion,” says Acton, who is now the consultancy’s chairman and initially managing director of MTA Design.
MTA Design will become part of Acton’s multidisciplinary international design consultancy, to be called MTA Group. Expansion into corporate literature and the opening of a second office in Asia is planned.
He intends to appoint a managing director from within, and will announce two other promotions to director positions in the near future. All the company’s existing staff are staying on, he says, and numbers will build to about 50 by the end of the year.
Acton moved from the then Addison Design Consultants three years ago to Minale Tattersfield to help launch Minale Tattersfield & Acton as a retail design consultancy when Addison went into liquidation (DW 11 March 1994). Minale was unavailable for comment on the latest deal.