3 December, 2018 – Amsterdam, the Netherlands / Sindelfingen/Stuttgart, Germany: Circle Media Group (CMG), a leading European printing and media group, announces today that it has acquired the operational activities of German printing company Kőrner Druck GmbH & Co.KG after reaching an agreement with the Heer Media Group. Kőrner Druck is the largest company of the Heer Media Group that started insolvency procedures in August of this year.
With this acquisition, Circle Media Group will further strengthen its Central European Magazines & Retail Printing business, with nearby activities in Germany (J. Fink Druck) as well as in Austria (Oberndorfer Druckerei) and Hungary (Antok). The Group also maintains its leading role in the necessary consolidation of the European printing and media industry. Kőrner Druck was founded in 1885 and is a leading web-offset printer in Southwest Germany (Sindelfingen near Stuttgart) with revenues of €70 million and more than 200 employees.
The company is active in retail printing and specializes in catalogues and advertisement supplements. The transaction is still subject to approvals by competition authorities in Austria and Germany and is expected to close end of December of 2018. After closing of the transaction Circle Media Group intends to integrate Kőrner Druck with its Central European operations. The company will retain its operational name and will continue to operate with about 80% of its workforce.
Tino Heer, founder of the Heer Media Group, will act as an advisor to Kőrner Druck. Peter Andreou, Chairman & CEO of Circle Media Group: “The need to further consolidate the European printing industry, characterized by substantial overcapacity, has been one of the cornerstones of our strategy for years. The acquisition of Kőrner Druck means a next step in the execution of this strategy, while strengthening our position in the Central European market. This adds to the earlier acquisitions of this year of Corelio Printing in Belgium and of large European book printing group CPI. With these steps we reinforce our position as a strategic partner for our customers, offering a growing level of innovation and added value.”
Circle Media Group
Circle Media Group is a leading European printing and media services group headquartered in Amsterdam, the Netherlands with revenues of €900 million and 5,000 employees, making it the largest independent European group in the delivery of print and media capabilities. The group has 26 printing sites in 10 European countries as well as an operation in the US, 135 printing presses of which 29 digital and processes more than 1 million tonnes of paper a year. 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). Book printing division CPI has 16 operations spread out over 5 countries (France, United-Kingdom, Germany, Spain and the Czech Republic).
For more information:
Circle Media Group: Bert Holtkamp