BUSINESS / NEWS 18 email: news@printmonthly.co.uk May / June 2024 - Issue 348 PrintMonthly printmonthly PrintMonthlyMagazine Celebrating ten years in business on April 22nd, Apprintable has made a milestone six-figure investment. Apprintable produces a wide range of products for direct clients mainly in the drinks, events, hospitality, and nightlife industries. The company also produces business cards, flyers, and posters through its website with its specialties including Tyvek wristbands, paper cup sleeves, and other die-cut products such as hotel key card wallets and kiss-cut stickers. Based in Wembley, London, Apprintable produces a lot of same-day work and is well-positioned to turn work around and deliver quickly across the city. Prior to the Covid-19 pandemic, Apprintable was outsourcing 100% of its work and managing director Peter Haddad describes this period as “the real driver” for the company in its recent growth period. Making use of the Government Bounceback Loan, Haddad decided, rather than using it to manage cash flow, to invest in equipment. “This allowed us to massively increase our margins and continue to invest in our own equipment,” he explains. “With more and more people going online, particularly since 2020, we were already positioned quite well with our existing website and have continued to develop it and to develop products to help us stand out.” As a result, the company has gone from around £300-400k in revenue pre-Covid with a very low margin, to just over £1m in the 2023/24 financial year. Since the Covid-19 pandemic, Apprintable has invested in a range of hardware and finishing equipment. Most recently, the company has made a significant investment into a Ricoh Pro C9500, its first six-figure spend on an upgrade. Having gone from outsourcing 100% of work pre-pandemic to running over 15 pieces of kit in-house and achieving over £1m in the 2023/24 financial year, it’s an exciting future for Apprintable as it celebrates a decade in business. Apprintable celebrates 10 years with investment [L to R] Peter Haddad, managing director and Stephen Pho, production manager of Apprintable with the new Rioch Pro C9500 machine By Carys Evans Fedrigoni, a supplier of specialty paper, self-adhesive materials, and RFID solutions has announced it has acquired certain assets of Mohawk Fine Papers based in North America. The two companies formed an industrial partnership in September 2022 to strengthen the distribution of specialty fine papers in the North American market. This is the third merger and acquisition from Fedrigoni this year following deals with SharpEnd in the UK and Arjowiggins in China. This latest deal is being finalised through a NewCo - a corporate spin-off or subsidiary company established before a final name is made. The transaction took place following a period of “significant financial distress” that affected the US-based company over the past few months. The NewCo cleared the new company from existing indebtedness while preserving the majority of existing jobs, industrial activities, and customer relationships. Fedrigoni acquires assets of US-based Mohawk Fine Papers Venture Banners, a large-format print supplier to the print and signage trade, is celebrating its 15th anniversary with investments in equipment, production space, and seven new team members. In total, the company has invested £400,000 into the business with a particular focus on new technology which will expand its production capacity and optimise turnaround times. Venture Banners has invested in its third EFI VUTEk FabriVU, with the latest 3.4-metre 340i+ dye-sublimation printer expanding the company’s textile printing capabilities. Venture Banners has also invested in a 3.2-metre-wide Zünd cutter, the business’ fourth Zünd device. Scott Conway, director and co-founder of Venture Banners, comments: “This new investment in the business has expanded our capacity such that we can now offer an express turnaround with confidence and ease, something that we’re very excited about.” A member of the Venture Banners team with the EFI VUTEk FabriVU 340i+ Mohawk and Fedrigoni share many values including focuses on innovation and the environment Venture Banners marks 15th anniversary Elliott Baxter & Company (EBB) has acquired 100% of the shares of Realt Paper in Dublin, Ireland. This latest move from EBB will make the 100-year-old family business the largest merchant in the Irish market and signifies its commitment to Ireland and will generate combined group turnover in Ireland of around €50m (£43m). Realt Paper will continue to trade from its Swords premises and EBB Ireland will continue to trade from Rathcoole and Belfast. EBB will integrate Realt Sales with the EBB logistics network. EBB first entered the Irish market with its acquisition of UniBoard in 2019 and Matt Elliott, group managing director of EBB says Realt Paper has always been on the company’s radar. Chris Sandwell, group sales and marketing director of EBB, adds: “The combined entity offers the best chance for EBB to support all of the local markets.” EBB acquires Dublinbased Realt paper [L to R] Matt Elliott, EBB group managing director and Ger Barron, managing director of Realt Paper
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