CirclePrinters and Roto Smeets Group complete merger of activities
April 10, 2017 – Amsterdam and Deventer, the Netherlands: CirclePrinters Holding (CPH) and Roto Smeets Group (RSG) announce today that they have completed the merger of their activities. CPH has acquired 100% of the shares of RSG. The combined company will be governed by an Executive Board, consisting of Peter Andreou (CPH) and Joost de Haas (RSG). The management boards of both companies will also be combined.
CirclePrinters Holding and Roto Smeets Group announced their intention to merge their activities, by which CPH would acquire the shares and operational activities of RSG, on February 13th of this year. The transaction was still subject to approval by the competition authorities in Austria, advice from the Roto Smeets Group Central Works Council (COR) and final approval by the shareholders of both groups. These conditions have all been met last week.
Peter Andreou, Executive Chairman of CirclePrinters: “Now we have completed the merger of our activities, we’ll start building a strong and leading group that is able to consolidate the European printing & media industry. Our first priority now lies with combining our strengths in order to deliver the best products and services to our customers”.
Joost de Haas, Executive Director of CirclePrinters and CEO of RSG: “With the combination of our complementary strengths we fulfil the long-term desire to lead the consolidation of our industry. I am also pleased that our Central Works Council, with their positive advice on the transaction, have joined us in endorsing this combination. Together with CirclePrinters we are now creating one of the largest printing and media companies in Europe and a strong platform for further consolidation.”
CirclePrinters is a leading European printing group, headquartered in Amsterdam and with operations in Austria (Oberndorfer Druckerei, Salzburg), Belgium (Hélio, Charleroi), Finland (Helprint, Mikkeli), Germany (J. Fink Druck, Ostfildern) and Spain (Impresia Ibérica, Madrid, Toledo and Barcelona). The company employs 1,500 professionals.
Roto Smeets Group is a group of leading graphics media companies in Western Europe, headquartered in Deventer, the Netherlands. The group comprises of two divisions. The print division has its main operations in the Netherlands in Deventer and Weert (as Roto Smeets), Doetinchem (Senefelder Misset) and in Hungary in Celldömölk (Antok). Its marketing communications division in Amstelveen, the Netherlands operates under the main brand MPG. The group employs 1,000 professionals.
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