A4 Laser Labels has expanded its offering and expects to double sales after acquiring the specialist office labels business from neighbouring firm Interket.
Interket bolsters output with Mark Andy press labelsandlabeling.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from labelsandlabeling.com Daily Mail and Mail on Sunday newspapers.
European Interket Group specializes in label printing and has production sites in Denmark, Holland, England, Germany and Sweden, as well as sales offices in other countries, such as France. More than 200 employees generated group sales of around 44 million EUR (49.6 million USD) in 2019. The customer base includes smaller local businesses as well as large companies operating
On day two of Finat’s ELF, Nicholas Mockett of Moorgate Capital looked at M&A in the label industry, while Norman Bremer of IK Investment Partners, the private equity firm behind the Optimum Group, gave an investor perspective. M&A activity among label converters seems set to continue apace The value of packaging industry M&A deals fell to 14 billion USD in 2020 from 17
Schur Group and Interket Group have agreed on merging their Danish label activities into one company under Schur Labels brand and ownership, effective March 1, 2021.
The Interket Group will divest its operating business and assets within Denmark, while Interket will remain the holding company for the Interket Group.
‘The Danish market is a limited part of the Interket Group, and we have for some time evaluated different options to strengthen our position, including the recent investments in a digital print platform. When this opportunity arose, we immediately saw the industrial logic and potential in merging the two companies, creating a new strong contender within the Danish labels market-based in Horsens,’ commented Carl Parkander, CEO of Interket Group.