CPI acquired by Circle Media Group

Circle Media Group acquires leading European book printing group CPI


26 July, 2018 – Amsterdam, the Netherlands / Paris, France: Circle Media Group (CMG), a leading European printing and media group, announces today that it has acquired the shares and operational activities of leading European book printing group CPI from its shareholders in a cash transaction.

With this acquisition, Circle Media Group will further strengthen its European printing business, ensuring that it offers a full range of both analogue and digital capabilities. The Group keeps its leading role in the ongoing consolidation of the European printing and media industry.

With the sale, CPI’s shareholders secure the continuity and employment possibilities of its book printing business. Pierre-Francois Catté will continue as CPI’s CEO. Labelys, CPI’s labelling activities, were carved-out prior to the acquisition and will continue as a stand-alone business.

CPI has revenues of €360 million, 2,500 employees and 16 factories spread out over 5 countries (France, the UK, Germany, Spain and Czech Republic). As one of Europe’s largest book printers and a history that goes back to 1713, it produces over 400 million books per year. CPI delivers literature, scientific, technical and medical books and printed documents for major publishing houses, large industrial groups and administrative bodies.

Circle Media Group has 2,700 employees and revenues of €550 million. With the acquisition of CPI, Circle Media Group will have combined pro-forma annual sales of €900 million and more than 5,000 employees, making it the largest independent European group in the delivery of print and media capabilities. The group will have 26 printing sites in 10 European countries as well as an operation in the US, 135 printing presses of which 29 are digital and will process more than 1 million tonnes of paper a year. In April of this year, Circle Media Group became the new name of this group, together with the launch of a new group structure. This followed the acquisition by CirclePrinters of Roto Smeets Group last year and the recent acquisition of Corelio Printing in Belgium.

The transaction was completed after the approvals by competition authorities in Austria and Germany, the information and consultation procedures of CPI’s European works council and several local works councils.

Peter Andreou, Chairman & CEO of Circle Media Group: “The acquisition of CPI is a transformational next step for us in the consolidation of the European printing industry and the creation of a profitable, world-class integrated media communication group. With CPI, we complement our existing business with a leading book printer in Europe in a period where the European book market is stabilising, after some years of sharp decline and the use of e-books now declining. This acquisition also allows us to advance in digital printing technologies and we see great potential for short-term synergies between our Books division and other areas of Circle Media Group, specifically the Commercial Printing division.”

Pierre-François Catté, CEO of CPI: “Circle Media Group and CPI are complementary companies and I am delighted that CPI continues under the wings of CMG. Jointly, we will further develop and strengthen the European book printing activities, while securing employment opportunities and delivering superior service to our clients. At the same time, Labelys  benefits from an increased focus and will continue to grow on a stand-alone basis.”

Close Brothers Asset Finance were an integral part of the acquisition process, and supported and partially financed the transaction.


Circle Media Group
Circle Media Group is a leading European printing and media services group headquartered in Amsterdam, the Netherlands with revenues of €550 million and 2,700 employees. The Group is a strong, innovative and reliable partner for its customers in the areas of ‘Strategy, Content & Data Insights’, ‘Magazines & Retail printing’ and ‘Books printing’ and is strongly positioned for its next stage of growth. The Group has printing & media operations throughout Europe in Austria (Oberndorfer Druckerei, Salzburg), Belgium (Hélio, Charleroi and Corelio, Erpe-Mere), Finland (Helprint, Mikkeli), Germany (J. Fink Druck, Ostfildern), Spain (Impresia Ibérica, Madrid, Toledo and Barcelona), The Netherlands (Roto Smeets Deventer, Roto Smeets Weert and Senefelder Misset, Doetinchem) and Hungary (Antok, Celldömölk). Its marketing communications operation MPG is based in Amstelveen, the Netherlands, New York, United States and Barcelona & Madrid, Spain (as Espacio y Punto).

For more information:
Circle Media Group: Bert Holtkamp
T: +31-6-55380594
E: bert.holtkamp@rotosmeets.com
W: www.circlemediagroup.com


With 16 factories spread out over 5 countries (France, the UK, Germany, Spain and the Czech Republic) and 2,500 employees, CPI is one of the major players in the printing market in Europe. CPI produces books and printed documents for major publishing houses, large industrial groups and service companies, and administrative bodies. With an impressive heritage – a rich industrial past, featuring prestigious printers such as Firmin-Didot in France (1713), Ebner & Spiegel in Germany (1817) or Mackays in the United Kingdom (1857) – CPI is the first European printer to have invested in digital inkjet printing. Today, at the heart of the transition to digital, the company combines its industrial power with innovative computerised solutions to create even more value for its customers. CPI is a French group founded in 1996 and is owned by Impala, the Banque Publique d’Investissement and private investors.

For more information:
CPI:  Pierre-François Catté, CEO
T : + 33 (0) 1 55 60 56 04
M : + 33 (0) 6 03 69 67 88

E: pfcatte@cpibooks.com
W: www.cpi-print.com