Thu, 05 Sep 2013 | MERGER
Leeds-based printing firm Communisis has purchased Editions Publishing for £7.1 million.
The deal includes Edition Publishing’s net assets at completion, expected to be £200k, and acquired cash of around £1.2m.
Communisis, which offers personalised customer communication services, has an acquisition strategy to take on businesses with complementary service offerings to boost its position in the printing field. Established for over a century, Communisis recently announced that it has agreed a contract with Lloyds Banking Group to produce all of its transactional customer communications in Britain.
Situated in Edinburgh, Edition Publishing has delivered a significant output of 2,000 projects for over 33 financial brands over 14 years, and trades as Editions Financial. It generated sales of £2.6 million, with pre-tax profits of £500k for the year to 31 August 2012. Further organic growth is anticipated for 2014.
Commenting on the deal, Andy Blundell, Communisis’ chief executive, said: “As the UK’s leading content marketing agency within the financial services sector, Editions Financial is a clear strategic fit with the group’s aspiration to broaden and deepen its service offering.”
Founder and chairman of EF, Caspian Woods, added: “Joining Communisis is an excellent opportunity for us to accelerate the growth of our business.”
___________________________________________________________________________
Related information:
Two printing firms merge after £10m investment
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.