CPI is on the brink of strengthening its grip on the UK book printing market by acquiring Mackays of Chatham.
Both parties refused to confirm that a deal was imminent, although some Mackays customers have apparently been informed of the sale. However, Macmillan director Michael Barnard said that while he had heard rumours, he had not received any formal notification.
St Ives subsidiary Clays and colour book specialist Butler & Tanner were also understood to be interested.
CPI also bought mass-market book printer Cox & Wyman last year.
CPI group president Timothy Bovard denied the sale when contacted by PrintWeek on Wednesday (30 August). I have not bought Mackays, that I can tell you. He added he had met people from Mackays like I have met most of the other competitors in England: Ive bumped into them at the odd cocktail party.
However, Bovard did add: We are acquisitive.
UK managing director Peter Palframan was guarded. I dont want to get drawn into a bear trap at this moment, he said.
Jim Daniels, managing director of Mackays, was not available for comment, said a secretary. Two weeks ago he said the firm was always up for sale (PrintWeek, 18 August).
Story by Jez Abbott
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