Left side advert image
Right side advert image
Super banner advert image
Subscribe to Print Monthly's RSS feed

Enter your email address here to sign up for our weekly newsletter

Industry

Debenhams print division sold

Paragon Group has bought Magenta in a deal that secures around 73 jobs at the Taunton-based printer, which will become part of the Paragon Display Solutions business.

Article picture

Magenta reports an annual turnover of £10m

The printer provided point-of-sale (POS) print products and display solutions for Debenhams and has been sold as part of the retailer’s strategic review in the wake of difficult times for the high street.

High street retailer Debenhams announced it was selling its print division, Magenta Print and Display, back in July citing a collapse in profits as the reason.

The sale marks Paragon’s move into the wide-format sector, as the firm specialises in display graphics and large-scale signage for retail display.

A Paragon spokesman comments: "The investment in Magenta is in line with Paragon Group’s strategy to actively integrate complementary businesses in a positive way. With the manufacturing site in Taunton, Magenta is a successful business with very long-standing client relationships, which enriches the operational capabilities of the group in the sphere of point-of-sale and graphics solutions.

Magenta is a successful business with very long-standing client relationships

“Magenta brings a strong management team to the business, to complement and work with the existing strong team at Paragon Display Solutions. Magenta has a diverse POS and graphics product portfolio, which will complement solutions already offered by Paragon."

Angus Campbell, integration director at Paragon Group, says: "We are delighted to have worked with Debenhams to acquire Magenta, which is a great business with a talented and experienced team, along with an excellent client base and a diverse portfolio of products and services, which will further enhance the wide range of solutions we offer our current and future customers.

"We offer a warm welcome to our new colleagues and clients from Magenta and look forward to offering our combined client base access to a growing range of bespoke market-leading communications solutions."

If you have a news story, email summer@linkpublishing.co.uk or follow us on Twitter to have your say.


Print printer-friendly version Printable version Send to a friend Contact us

No comments found!  

Sign in:

Email 

or create your very own Print Monthly account  to join in with the conversation.