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Business

Venn Holdings completes first acquisition

Venn Holdings Limited, an acquisition vehicle created by print executives Andy Rae and Anthony Thirlby, has completed its first purchase in the form of John Dollin Print Services.

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(L to R) Anthony Thirlby and Andy Rae celebrate the debut acquisition by Venn Holdings Limited

Funded by Venn Holding’s finance partner, Compass Business Finance, the deal will see Venn Holdings take ownership of the Hampshire commercial print firm.

The agreement includes the Dollin Print Services property portfolio, though the business will continue to trade and service its existing customers.

Venn Holdings says the acquisition forms part of its strategy to create a technology-driven print group across the commercial, label and packaging sectors.  

“We have talked about working together for the last five years; we both love the industry and have a large and diverse business network between us,” says Thirlby, formerly global head of commercial at Heidelberg.

We are already talking with other prospective group additions

“The timing is perfect and starts with a known commercial platform. We are committed to using market-leading technology and processes across all three segments of the industry to diversify our group portfolio.”

Rae, previously head of global marketing at Heidelberg and more recently Koenig and Bauer’s head of sheetfed marketing, adds: “Between us, we have over 50 years of experience in the industry and have been fortunate to have visited many of the best-run companies globally in each segment.

“We are already talking with other prospective group additions.”

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