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
This dental practice has a large NHS contract but also a good amount of private income, with potential to grow further. Whilst the practice already has 5 surgeries, there is additional space to extended the property (subject to planning) for anyone w...
A fully private dental practice for sale in Oxfordshire. The practice generates income through DPAS and private fee per item. The practice works well under both an associate led and principal led EBITDA and therefore would suit most types of buyers.
FREEHOLD
A well presented 3 surgery dental practice for sale in East Yorkshire. The practice generates all income on a private basis through plan and private fee per item. The practice has a turnover in excess of £1,000,000 and works under an associate led or...
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.