Point-of-sale group Bezier is to create a base in London and push into Europe with the acquisition of Coutts Retail Communications (CRC).
Bezier, which is owned by private equity house MidOcean Partners, has signed a definitive deal to buy the London-based firm and is expecting to complete the purchase this week.
The deal would push Wakefield-based Bezier's turnover up to around £130m. No other financial details have been released.
Chief executive Mark Shaw said that the acquisition would "offer further strength and depth to the Bezier group and give us unrivalled creative and production capability for retail marketing in the UK".
Shaw added that European expansion was a key reason for the purchase.
He said: "[CRC's] creative hub in Soho would offer the Bezier group our long-awaited London base and in addition CRC's sites in France and Germany would offer a European presence which we feel is crucial for many of our customers who conduct pan-European campaigns."
Alan Wild, chairman of CRC, said: "We are very excited about the prospect of becoming part of the Bezier group. Our combined expertise and portfolio of services will be unparalleled in our sector and make us by far the biggest and most specialised group in Europe."
News of the acquisition comes amid a flurry of M&A activity in the large-format sector, most notably last week's purchase of Bradford-based Multigraphics by DS Smith, the packaging group.
Bezier, which is owned by private equity house MidOcean Partners, has signed a definitive deal to buy the London-based firm and is expecting to complete the purchase this week.
The deal would push Wakefield-based Bezier's turnover up to around £130m. No other financial details have been released.
Chief executive Mark Shaw said that the acquisition would "offer further strength and depth to the Bezier group and give us unrivalled creative and production capability for retail marketing in the UK".
Shaw added that European expansion was a key reason for the purchase.
He said: "[CRC's] creative hub in Soho would offer the Bezier group our long-awaited London base and in addition CRC's sites in France and Germany would offer a European presence which we feel is crucial for many of our customers who conduct pan-European campaigns."
Alan Wild, chairman of CRC, said: "We are very excited about the prospect of becoming part of the Bezier group. Our combined expertise and portfolio of services will be unparalleled in our sector and make us by far the biggest and most specialised group in Europe."
News of the acquisition comes amid a flurry of M&A activity in the large-format sector, most notably last week's purchase of Bradford-based Multigraphics by DS Smith, the packaging group.
Source: printweek
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