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Business

Positive outlook as businesses grow

While the last year has been a tumultuous one, recent acquisitions in the print industry indicate business is starting to strengthen and grow once more.

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Recent acquisitions in the print industry indicate positive growth

UK-based flexible packaging manufacturer, Four04 Packaging, has been acquired by Coveris Group. The result of a market screening process, Coveris says it identified Four04 as an “ideal partner” for strategic growth as its packaging portfolio complements Coveris’ existing offerings.

Jakob A. Mosser, chief executive officer of Coveris says: “With Four04, we found another excellent partner for our growth plans: a profitable business with a well-established and strong customer base and excellent packaging solutions, that will provide us with opportunities to further strengthen our offering in these segments.”

In the digital print market, Corona Corporate Solutions (CCS), has acquired the managed print services (MPS) brand of Maintel Europe.

The acquisition came into effect at the end of April and included the MPS arm’s staff, around 2,000 machines, and 700 customers. 

...a profitable business with a well-established and strong customer base and excellent packaging solutions, that will provide us with opportunities to further strengthen our offering in these segments

Over at Future, the specialist media firm has acquired the Marie Claire US title as part of a joint venture between Marie Claire Album (MCA) and Heart Magazines Media. This partnership sees Future enter a five-year licence agreement with MCA, with the firm operating in the US and Canada.

In 2020, Future acquired Marie Claire UK and the acquisition of the US title is an indication of the success of the Marie Claire brand. Future says the acquisitions will strengthen its position in the women’s lifestyle sphere in North America and forms part of its goal to “achieve brand vertical leadership across English speaking markets”.

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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