Printing Industry News for Canada | RSS |
9 August 2017
Vistaprint sells Album Printer division
AMSTERDAM—
Cimpress the corporate parent of Vistaprint has sold its Albumprinter division that it acquired in 2011 for about $92 million. The Albumprinter division includes Albelli, Bonusprint, Fotoknudsen and Onskefoto brands. Although Albumprinter fell within Cimpress target market "mass customization " it believes that invested capital can be used better invested else where.
Vistaprint ( Cimpress) reported a $34.7 million loss in it's last quarter in June. Vistaprint is the second largest printer in Canada with sales of about 3/4 of a billion dollars. The plant in Windsor , Ontario currently serves all of North American market. Vistaprint plans to open a plant in Nevada .
Post a Comment
Comments:
NEW ON THE JOB BOARD | RSS
CLICK HERE to post your job opening
LATEST USED EQUIPMENT | RSS
CLICK HERE to list your equipment
Total Used Equipment Listings: 18
CLASSIFIED | RSS
CLICK HERE to list your business opportunity in the printing industry
Company for sale |
Most Recent News Comment
Rick says: | |
Most Read Stories