13.3.2018: CirclePrinters strengthen it’s position in the Benelux and France
CirclePrinters has reached an agreement with Corelio NV about the acquisition of the Belgian company Corelio Printing, subsidiary of Corelio NV. With this acquisition CirclePrinters will strengthen it’s position in the Benelux and France, as well as continue to lead the ongoing consolidation of the European printing and media industry.
Corelio Printing has revenues in excess of 50 million euros and close to 200 employees. The company is a leading Belgian web-offset printing company based at Erpe-Mere, and specialised in printing of periodicals, magazines, newspaper supplements and catalogues. The company is a reliable partner for many Belgian, Dutch and a growing number of French publishers. Corelio NV is a majority shareholder and parent company of the Belgian-Dutch media group Mediahuis.
The transaction is expected to close early April of this year. At present neither of the companies do not expect redundancies as a result of the acquisition. After closing of the transaction, CirclePrinters intends to integrate Corelio Printing within its printing activities in the Benelux.
Joost de Haas, Executive Director of CirclePrinters says, that ”the need to further consolidate the Benelux printing market that is characterized by overcapacity, has been one of the cornerstones of our strategy for years. With this acquisition we take next step in the further consolidation of the European industry, while strengthening our position in the French magazine market. At the same time CirclePrinters reinforces its role as a partner for its customers, offering a growing level of innovation and added value”.
Bruno de Cartier, Managing Director of Corelio NV says, that ”CirclePrinters and Corelio Printing are complementary, and the combination will strengthen their poisition in the Benelux and French market. It will create new opportunities and will extend the commercial capacities, necessary for the further development of the printing activities in Erpe-Mere”.
For more information:
CirclePrinters: Bert Holtkamp
Tel. +31 655 380 594
Corelio Printing: Jan Lynen
Tel. +32 476 460 837