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Dutch firm plans Quebecor/Roto merger
Europe is set for a new print powerhouse after a Dutch finance firm offered to buy Roto Smeets parent RSDB and Quebecor World's European operation.
Hombergh/De Pundert (HHBV), which specialises in owning companies in consolidating industries, plans to merge the two, creating a pan-European group with combined sales of around €1.3bn (£1bn).
HHBV president Hendrik van den Hombergh described the double deal, which valued the two companies at around £100m each, as a "major step in our goal of building a pan-European printing platform".
RSDB chief executive John Caris, who tried to engineer a similar deal late last year, said the group would seek more acquisitions, but said closures were likely.
"Consolidation means plants will disappear in the market. It’s necessary to make the industry more healthy," he added.
RSDB’s QWE COURTSHIP
Jun 08 HHBV buys RSDB and Quebecor World Europe; merger planned
Mar 08 mystery €40-a-share bid for RSDB
Dec 07 RSDB bid to buy QWE vetoed by shareholders
Nov 07 RSDB announces QWE buyout plan
Caris: Consolidation is necessary to improve the industry
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