Acquisitive European book group CPI has bought German printer, J Ebner Graphische Betriebe in Ulm.
This latest deal comes hot on the heels of a minority stake purchase in German book printers Clausen & Bosse and Frenz Speigel Buch (also based in Ulm) at the end of last year.
Its new acquisition prints around 60m paperback and hardback mono books a year, and has sales of over 30m (DM90m).
CPI Group president Timothy Bovard said the buy would "establish a balanced sales profile" in its four main geographical areas: France, UK, Benelux and Germany.
"In addition we will develop synergies between the three German plants, in particular Ebner and Franz Spiegel," he added.
CPI is the biggest player in the UK book market. It owns the former LIBERfabrica group, as well as paperback plants Mackays and Cox & Wyman.
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"Bit weird. From what I've heard, things started to go wrong when their trade customers found out they put a B1 printing press in and went from a supplier to a competitor......"
"Sad to see another print company facing financial trouble. The industry is tough, and this highlights the ongoing challenges many are facing. Hope employees and customers get clarity soon."
"Not surprised, businesses need to prepare for these attacks rather than thinking that they're going to avoid them. At the very least, data needs to be fully protected with air gaps in place..."
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