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South Wales-based print group Stephens & George company has acquired the Pensford Print Group
Magazine and production print group Stephens & George (S&G) has announced that it has acquired neighbour and long-term competitor the Pensord Group which comprises of Pensord Press and Cambrian Printers.
S&G is a leading company in the industry and has been for over 110 years. Despite a challenging few years due to the pandemic, the print group has continued to invest heavily in new technology to improve automation and enhance its quality.
Part of this continued investment has been searching for an opportunity to expand its foothold in the market and the acquisition of Pensord Print Group will enable it to do just this.
Despite holding its own strong reputation within the industry, the impact of the pandemic paired with the global energy crisis has meant Pensord would have struggled to continue a fourth consecutive year of impact.
Darren Coxon, outgoing Chairman of Pensord Group says: “Stephens & George is probably the best equipped sheetfed printing plant in the UK; and backed by a robust balance sheet and healthy financial structure and so much more able to deal with the energy hikes and a market downturn.”
Coxon explains that due to the close proximity of the two companies and the fact that they are operating within the same sphere, meant the acquisition made sense.
A priority for the former Chairman was that the acquisition meant the respected brands of Pensord and Cambrian Printers could continue, and its clients are now provided with certainty and continuity regardless of what is in store for the future.
Andrew LG Jones, managing director of S&G, adds: “Stephens & George Print Group and the Pensord Print Group are both standard bearers for our industry, and we are delighted to make this happen.
“As a bigger business with continuity of ownership for over 110 years we have been able to build up a robust, rich, state-of-the-art infrastructure enabling us to survive whatever is thrown at us and to thrive long into the future.”
The benefit of this acquisition is that S&G is taking on products it is familiar with, alongside complementary skills, knowledge, and expertise with the deal meaning the print group will acquire 100% of the shares in Pensord Print Group.
“With tough times ahead, we will be better and stronger together,” Jones concludes.
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