Largest printing industry merger in the offing

Largest printing industry merger in the offing

May 23, 2019 0 By mykenyancareers
maxresdefault - Largest printing industry merger in the offing
Sheet Offset Press/Courtesy of Youtube

NAIROBI, Kenya May 23 – Six local commercial printing companies have announce that they are in the final stages of exploring a potential merger.

The Boards of Directors of Colourprint Limited, Digital Hub Limited, Kul Graphics Limited, Printfast (K) Limited, The Print Exchange Limited, and The Rodwell Press Limited are seeking to consolidate their businesses.

Subject to applicable regulatory approvals being received and other conditions being met, the transaction is expected to complete by the end of June 2019, paving way for the phased transfer of the Companies’ commercial printing operations to the newly merged entity(ies).
During this transition phase, the Companies will continue to operate independently and there will be no disruption to the delivery of goods and services.

The printing industry in Kenya has been facing considerable difficulties due to an extremely competitive landscape and a rapidly changing marketplace that is increasingly prices sensitive and demands continual technological innovation. This has resulted in significant operational and financial challenges for all players in the industry.

The Boards and shareholders of the Companies have therefore decided, subject to regulatory approvals, to join forces in order to ensure their viability and be better placed to respond to the demands of the current business environment.

The merged entity(ies) will offer a full-range of off-set, digital, and large format print, packaging and finishing services, as well as promotional branding products and services.

Further details on next steps will be communicated to all stakeholders in due course upon receipt of regulatory approvals and completion of the transaction.