Member Article

Tyneside-based Elanders makes $48 million Singaporian acquisition

Swedish printing group Elanders, who operate a North Tyneside base, have acquired Singapore-based Mentor Media Ltd.

The deal, worth US $48 million, is expected to increase Elanders annual net sales significantly.

Elanders workforce will grow from 1,900 to around 3,600. Mentor media has operations in eight countries, including China, Singapore, India and the USA.

Magnus Nilsson, president and CEO of Elanders AB, said: “The acquisition of Mentor Media makes Elanders a complete supplier in Supply Chain where packaging and other printed matter are often partial components. We climb up the value chain and expand our offer to global customers.

“The acquisition is yet another step in our strategic positioning to reduce our exposure to traditional print and we will now create three strong areas in Elanders; Print & Packaging Solutions, Supply Chain Solutions and e-Commerce Solutions.

“The past few years we have rapidly transformed Elanders from a classic graphic group to a company that offers global solutions for our customers in print, packaging, e-commerce and now we add supply chain”.

This was posted in Bdaily's Members' News section by Elanders .