Home | Make You Homepage | E-mail  
Home|About Us|Products|News center|Application|Sales Service|Online video|Send Inquiry|Contact us
About us
About Us
Application
Customer's Training

Contact us

Kylin Int’l Machinery Limited
Address: 19#, Haoxin street, nanchen village, daojiao town, dongguan city. Guangdong province  China.
Tel:+86-13650165734
E-mail: jacob#kylinmachinery.com

Contact: Jacob

Your Location:Home > News > News
Walstead expands with Spanish buy

Walstead Investments has bought the operations of gravure printer Eurohueco, based in Barcelona, and Madrid web offset printer Rotocobrhi, through affiliate company Walstead Capital.  

Together, the two companies employ 567 staff and had sales last year of €137m (£101.4m). The terms of the deal were not disclosed.

Walstead Capital is owned by the same four directors as Walstead Investments: Mark Scanlon, Richard Fookes, Stephen Hargrave and Paul Utting.

Scanlon, who is chairman of both companies, told PrintWeek the acquired companies were well invested, profitable and cash-generative.

“This, undoubtedly, boosts our profile in the European market. Many competitors in the Spanish market are weak, so we expect there will be consolidation opportunities,” he said.

“Spain is a recovering economy - its print market is experiencing the same issues and challenges that we’ve had to tackle since 2008. So, we’re going in to this with our eyes wide open and under no illusions what to expect and how to remain successful.”

Be Printers chief executive Bertram Stausberg said it had been “a key requisite” that the buyer would support and invest in the operations. Be Printers, which also owns Prinovis, sold off its Italian print division last October as part of the same strategic review and has now exited the Italian and Spanish print markets.

“This concludes our portfolio sale process,” Stausberg said. “We will now concentrate fully on developing our Prinovis printing businesses in Germany and the UK as well as our book and packaging printing businesses in the US.”

Rotocobrhi employs 314 staff at its 29,000sqm Madrid facility. It runs two 80pp web offset presses, three 48pp, and three 16pp webs.

Eurohueco is located in a purpose-built 22,000sqm factory near Barcelona. It employs 235 and runs two KBA TR7 and two Cerutti RS35 gravure presses.

The plants produce magazines, flyers, catalogues and supplements.

On the move into gravure, Scanlon said: “Eurohueco manufactures mainly press finished or stitched products for the retail and catalogue markets where volumes are more stable than for publications. Over 50% of its output is exported, most of it to France.

“Geographically and strategically it's in a great spot. We’re not buying into gravure as a technology. Instead, we’ve seen this as an opportunity to acquire a large, blue-chip client base that requires long-run printed products and with few competitors in the region. If, in the future, our clients’ needs can be satisfied with an alternative, more cost-effective manufacturing process, then we will adapt our offering by investing in it.”

Mauro Cosani, the chief executive of the Spanish division, remains in his role.

Scanlon added: “Despite being overseas, we have sufficient management resources here [in the UK] to manage this group. We have an experienced team with excellent skill sets and there is a very well-established executive team in Spain.”

Wyndeham Group chief executive Utting will address the workforce at both plants today, in Spanish.

| 发布时间:2015.05.07    来源:    查看次数:861
Copyright (2016) kylin machinery.com Kylin Int'l Machinery Limited All Rights Reserved.
Address: 19#, Haoxin street, nanchen village, daojiao town, dongguan city. Guangdong province  China.
New website: Book binding machine in china
Tel:+86-13650165734  E-mail: jacob#kylinmachinery.com
Paper bag machine in china case making machine bookbinding machine glue machine book cover making machine rigid boxes machine turning in machine glueing machine setup boxes slipcase maker

site map: sitemap.html sitemap.map