Sticker printing company’s parent makes acquisition
Tangent Communications owner of sticker printing company Printed.
com has announced the
acquisition of the entire issued share capital of the multi-national online company Goodprint
for £10.
2 million....
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Sticker printing company’s parent makes acquisition
Tangent Communications owner of sticker printing company Printed.
com has announced the
acquisition of the entire issued share capital of the multi-national online company Goodprint
for £10.
2 million.
The Acquisition provides access to Goodprint s 120,000 existing customers, boosts Tangent s
international profile with immediate presence in 17 countries, including Germany, France,
and the Netherlands, and gives access to Goodprint s innovative mobile technology.
Goodprint delivered underlying operating profit of £1.
2m for the year ended September 2012;
The Concert Party, comprising Tangent chairman Michael Green, chief executive Timothy
Green and executive director Nicholas Green, will acquire 32.
6m of the placing shares, taking
their combined shareholding to more than 91m shares (33% of the enlarged share capital).
Part of the proceeds from the placing will be used to "accelerate investment in online growth"
for Tangent s Printe
Less
