Roto Smeets now owned by CirclePrinters
Roto Smeets Group, the biggest graphic company in the Netherlands, will become property of CirclePrinters Holding (CPH), the biggest European print group with head offices in Amsterdam.
By bundling the activities the companies think they can become a strong leader in Europe. The combination will be in the top three in Europe with a turnover of above €500M.
The previously public Roto Smeets has had these ambitions for a long time, but never succeeded in becoming a European leader. The company employs a thousand people in their print shops in Deventer, Weert, Doetinchem in the Netherlands and Celldömölk in Hungary. They also have a marketing department in Amstelveen, the Netherlands, where they produce supermarket chain AH´s Allerhande magazine.
CirclePrinters has various print shops in Austria, Belgium, Finland, Germany and Spain and has 1500 employees. CPH will take over all Roto Smeets businesses for an undisclosed amount.
The acquisition, which still has to be approved by the Austrian competition authority, is not expected to have any impact on the number of employees.