ADVERTISEMENT

Poland's Prime Label to acquire Slovenian printing house LabelProfi

Deals

Image by Shutterstock.com

Poland's Prime Label Group, owned by Central and Eastern Europe-focused private equity firm Innova Capital, signed an agreement to acquire a majority stake in Slovenian printing house LabelProfi, Innova said in a statement, according to Innovacap.com.

The agreement for the purchase of LabelProfi, a company specializing in the production of highly processed self-adhesive labels and packaging using digital print technology, was signed in December, Prime Label said.

The financial details of the agreement were not disclosed. LabelProfi provides high-quality printing services, with very short turnaround times and can produce very small volumes, which are often not cost-effective in conventional printing technologies, Innova said. The share of exports in 2020 was more than 30%, as the majority went to German-speaking countries.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.