M&A Activity • Feb 13, 2013
M&A Activity
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Press release 13 February 2013
In line with Elanders' strategy to continue to make packaging a larger part of total sales Elanders has acquired all the shares in the label printing company McNaughtan's Printers Limited ("McNaughtan's") in Glasgow, Scotland. The company is particularly niched towards the whisky trade and a number of well known whisky distilleries are customers. For many producers their label is a crucial part of packaging and therefore labels and packaging are normally purchased from the same source. This means that with this acquisition Elanders broadens its offer in packaging and gains new customers in the growing whisky trade in Scotland as well.
During the split financial year 2011/2012 McNaughtan's had net sales of around MSEK 20 and 14 employees. The company is expected to contribute positively to consolidated results already in 2013.
Elanders AB (publ)
For further information please contact: Magnus Nilsson, President and CEO, telephone: +46 31 750 07 50
Elanders discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 8:00 a.m. on 13 February 2013.
Elanders is a global printing group with production units in nine countries on four continents. Our product areas are Commercial Print, Packaging and Web-to-Business. In these areas Elanders also offers services in web-to-print (W2P), EDI, advanced premedia, fulfilment and logistics. Elanders also sells photo products directly to consumers primarily in Germany under the brand fotokasten. Elanders has approximately 1,800 employees and net sales of more than SEK 1.9 billion. The Elanders share is listed on the NASDAQ OMX Stockholm, Small Cap. For further information, please visit www.elanders.com
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