Transcontinental Buys Coronet/Fahlke Printers, Studying More Acquisitions
Press release from the issuing company
MONTREAL, QUEBEC--Transcontinental announced the acquisition of Coronet/Fahlke Printers Ltd., a Winnipeg printer that specializes in high-quality sheet-fed commercial products. The company also provides prepress services.
Coronet employs 40 people and has annual revenues of about $7 million. This transaction strengthens Transcontinental's position as the leading printer in the Winnipeg area, where it already has three printing plants: Transcontinental Printing - Winnipeg (flyers), LGM Graphics (magazines and catalogues) and Spot Graphics (commercial products and screenprinting).
"The acquisition of Coronet/Fahlke Printers fits in with our strategy of developing a Canada-wide network of sheet-fed printers, just as we have done for flyer and newspaper printing,'' said Remi Marcoux, Chairman of the Board and Chief Executive Officer of Transcontinental. "We are currently studying other possible acquisitions with this goal in mind. Coronet is a profitable and well-managed company and we are proud that the owners, Rodger Kim Orris and W.F. Loron Orris, have agreed to stay on with us at the new entity that from now on will do business under the name Coronet Printers.''
For his part, Rodger Kim Orris said that he is happy to see his company join the Transcontinental family. "The printing industry is still consolidating and we decided to join a larger group that is known for its dynamic approach, its customer focus and its respect for employees. Today's announcement is good news for both our customers and our employees.''
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