The survey, into structural and strategic change across the print, media and graphics industry, found that many respondents were considering or pursuing a merger, acquisition or disposal strategy.

Presented at the BPIF/Print Yorkshire Finance and Investment Conference last week, a total of 168 companies participated in the online survey.

According to BPIF director of corporate affairs Andrew Brown, the survey confirms that consolidation is continuing and that M&A activity is set to increase.

“The industry has a number of owners who are looking for an exit,” he said.

“They are set to retire or don’t want to be a part of the print industry. But there are still those looking to come in. There is still scope for entrepreneurs in the industry with the right management skills.”

According to the report, 31.5% of respondents were considering M&A or disposal activity, while 84% believed consolidation would be on the increase over the next two years.

The majority of firms were eyeing up companies to complement their existing business. A total of 42.9% were looking at digital and data technologies while 24.5% of respondents were looking at internet services. General commercial printing accounted for 30.6% of respondents.

Brown added: “Companies are looking at adding value. New skills are being blended in to move firms on. New people are coming in with different skills.”

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BPIF INDUSTRY REPORT
31.5% considering M&A or disposal strategy
84.9% believe consolidation will increase over the next two years
48.7% say consolidation will mainly be due to M&A
91.3% are interested in M&A activity in the UK