Infopress Group Romania, a company owned by private equity firm GED Capital, has acquired Hungarian company Révai Printing House Ltd. from the British Polestar Group. Infopress Group plans to modernize the Hungarian printing house, it has announced. With this acquisitions GED has invested more than EUR 15 million in both companies.
The joint group’s consolidated turnover will reach EUR 80 million and will have around 500 employees becoming the largest printing company in Central-Eastern Europe. Révai’s annual turnover in 2010 exceeded EUR 42 million. The 150-year old company currently employs 250 people at its production lines located in Budapest and Fót.
More on the subject on Romania-Insider.com.