CPI sells Koninklijke Wöhrmann

CPI is announcing today that it has reached an agreement with Boekgroep B.V. to sell the Dutch printing company Koninklijke Wöhrmann.

This announcement comes after several years of difficulties in the Dutch book market. Since 2008, book sales went down by almost 40% and several bookstores closed in the Netherlands. This situation led CPI management to consider that the best option for the future of Koninklijke Wöhrmann and its employees was to partner with a well established local player.

This acquisition will allow both companies to leverage synergies in procurement, sales and process automation. It also provides Boekgroep B.V with the web offset capacities that are needed for the Dutch publishing market. The two companies will remain as independent entities and no significant change in daily operations is forseen.

CPI obviously remains committed to the book market and to the publishing industry. In an environment that is moving rapidly, we are constantly adapting our industrial capabilities and investing in new equipment and technologies so we can best serve our customers across Europe.