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Industry

Now is the time for M&As says chief executive

The chief executive of Richmond Capital Partners, a mergers and acquisitions firm which specialises in the print and packaging markets, says “now is the time”.

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Paul Holohan believes now is the right time to think about mergers and acquisitions

Despite a turbulent year which impacted the print industry in many ways, Paul Holohan says there are currently more owners looking to buy businesses than there are sellers.

This gives an indication of a sense of the industry coming out the other end looking for ways to strengthen and grow business after a difficult year.

“It seems print and packaging owners are thinking very seriously of their strategic approach for a new commercial reality post-Covid,” Holohan says.

The potential tax increases coupled with the uncertainty of a post-Covid marketplace are focusing attention on future opportunities to maximise business

He adds: “When life returns to more normality, although I suspect permanently changed in many ways, we will hope that this positive approach to mergers and acquisitions, joint ventures and strategic alliances as an effective means of business development will continue and there is evidence this may be so.”

Holohan cites fears over tax spikes and reductions in allowances which have been rumoured to be on the Chancellor’s agenda as another incentive for businesses looking to sell or merge.

“The potential tax increases coupled with the uncertainty of a post-Covid marketplace are focusing attention on future opportunities to maximise business,” Holohan says, adding: “For many, now is undoubtedly a good time for mergers and acquisitions to be the key to new business growth and development.”

If you have any news, please email carys@linkpublishing.co.uk or join in with the conversation on Twitter and LinkedIn.


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