Spanish private equity firm buys Hungary's biggest printing company
Spanish private equity company GED Capital on Wednesday said it bought a 100% stake in Hungarian printing company Révai Nyomda from the UK's Polestar Group.
GED Capital did not reveal the price of the transaction.
Révai Nyomda is the second printing company in the region GED Capital has purchased. IT bought Infopress Group Romania in 2010.
The two companies have combined revenue of €80m a year and employ 500 people.
Révai Nyomda is Hungary's biggest capacity printing company. It employs 250 people at bases in Budapest and Fót, near the capital. The company had turnover of €42m in 2010, GED Capital said.
Public records show Révai had revenue of HUF 11.5bn in its business year ended September 30, 2011, up about 5% over the previous business year. Exports came to HUF 3.9bn.
The company had net assets of HUF 1.8bn and total assets of HUF 8.1bn on September 30, 2010.
The 150-year-old Révai Nyomda is well known in Hungary as the publisher of the Révai Encyclopedia, which first appeared at the beginning of the 20th century.
Révai Nyomda will operate in a group with GED Capital's Romanian unit, but will keep its name.
ADVERTISEMENT
Investment Volume Falls 2.8% in Q1
Parl't Approves Amendments to Legislation on Judiciary
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.
