Romanian company Infopress Group buys Hungarian printing house Revai

Newsroom 19/10/2011 | 14:29

Infopress Group Romania, an investee company of the private equity firm GED Capital, has acquired 100 per cent of Révai Printing House, a leading printing company in Hungary and the longest established one.

Jesús Castillo Ortega, Infopress Group president said: ‘We consider this transaction to be a great achievement and as new owners we have the chance to become a part of the current history of the most traditional Hungarian printing houses. Our goal is to develop production and improve the level of customer service by emphasizing flexibility and thus strengthen the market share and improve results in the coming two years.’

Castillo Ortega added that ‘currently, Infopress Group Romania is the only player in the Hungarian printing market with fresh capital available for innovation and development. I am convinced that we will manage to use this opportunity and make Révai an even more successful company in the future.’

The joint group’s consolidated turnover will reach EUR 80 million and will have around 500 employees becoming the largest printing company in Central-Eastern Europe. With this acquisitions GED has invested more than EUR 15 million in both companies.