The deal for the Antipodean publishing services provider was closed at the end of last year but, according to Pindar chairman Andrew Pindar, “we were bidding on some contracts at the time so we wanted to keep it quiet until now”.
Egan Reid manages the manufacture of products such as catalogues, educational and technical manuals and fiction and non-fiction books. It has a turnover of around £1m and employs 20 staff.
The firm, rebranded GA Pindar & Son (NZ), will now focus on adapting and rolling out Pindar’s AgilityCMS publishing software to the global book publishing industry. It will be headed up by managing director Gerard Reid, who founded the company with his wife Mary Egan in 1991.
“It’s part of our international drive, focused on managing content. In the specialist areas that we cover, we’re pretty much leading the field,” said Pindar.
According to the firm, the Egan buy is part of an overseas expansion strategy to grow its global workforce from 2,000 to 3,000.
“We’re looking at further acquisitions in the UK and overseas,” said Pindar. “There are still one or two pieces of the jigsaw missing.”
The UK-based £141m-turnover firm, which bought Cooper Clegg earlier this year, has sites in India and, via its AlphaGraphics franchise, operations in the US, Europe and Latin America.
For more on international expansion, see p22.
Pindar acquires Egan to take on New Zealand
Pindar has expanded its global footprint with the acquisition of New Zealand-based Egan Reid and revealed that it is looking at further buys, both at home and abroad.
