PRIMA PRINT TO ACQUIRE PMI IMAGEWORKS
By Wayne Robinson | 28 October 2022
Prima Printing is ready to accumulate PMI Imageworks, a transfer that may convey collectively two profitable Melbourne-based personalisation and print-on-demand companies, and two of the largest within the nation.
Prima will purchase 100 per cent of PMI, with the deal anticipated to shut on Monday. The 2 companies will initially proceed to function independently, though with shut collaboration, as they work via the Christmas peak.
Prima has some 65 workers, PMI round 60. PMI was established by its CEO Chris Zapris a decade in the past, whereas Prima was established right here in 2016. Each have established themselves as trade leaders, producing a whole bunch of personalised merchandise.
Prima is a part of the worldwide District Picture group of firms, based mostly within the US, which along with Harrier LLC, based mostly within the UK, types one of many world’s largest digital print fulfilment firms.
Chris Hughes, president and CEO of District Picture stated, “I’m delighted that now we have agreed phrases that may convey these two companies collectively beneath the identical possession construction. There will likely be no instant modifications to the way in which the 2 enterprise function beneath Chris and Amnon, however we are going to work collaboratively in direction of a typical purpose of delivering greatest in school customer support, with unparalleled high quality of product and exacting SLA phrases.”
Chris Zapris stated,“I’m exceptionally proud to have led a world class administration and manufacturing group that has earned us international recognition. Our wonderful clients will profit tremendously with the deliberate funding in infrastructure and assets. I’m assured Chris Hughes, and his group will proceed to work tirelessly to help all our loyal clients.”
Prima has turn out to be the biggest print on demand fulfiller in Australia. Working a big fleet of digital, dye sublimation, DTG and eco-solvent printers and ending infrastructure, Prima produces tens of millions of models throughout its 450-product vary for international manufacturers in runs as small as one unit. PMI Imageworks relies in Brunswick and has a broader vary of merchandise than Prima, and extra variability inside its product vary. The enterprise is a market chief in personalised wall artwork, artwork prints and residential décor in addition to producing photobooks, playing cards and presents.
Amnon Judah, managing director of Prima Printing, commented, “The strategic acquisition will improve the capabilities for each companies to cross-sell to our mixed shoppers and supply the premise for additional funding in infrastructure to stay at the forefront of automation and effectivity. Each companies are nimble and good gamers in a extremely aggressive international market. Combining the capabilities of each operations will ship extra worth, scale, redundancy, and capability to shoppers. We look ahead to working with Chris and his group to create a future collectively.”
Hughes stated, “There may be little or no buyer overlap, so our expectation is that our fulfilment companions will see appreciable advantages over the medium time period from this transaction, strengthening the enlarged organisation in these most difficult of occasions.”