News
Biddles assets bought out by MPG Books
MPG Books has acquired the assets of short-run digital book printer Biddles to form MPG Books Group - the largest independent book manufacturer in the UK.
The assets of King's Lynn-based Biddles were acquired out of administration in a pre-packed deal by the newly incorporated MPG Biddles, sister company to Bodmin-based MPG Books, on Friday 7 November.
MPG Books Group managing director Tony Chard said: "Recognising the increasing dominance of the larger print groups and their ability to leverage relationships with global publishers has established the rationale for this acquisition, which creates opportunities to consolidate within the industry by creating specialised units.
"Only companies that have a global outlook and ambitions will succeed in the future."
Rod Willet, who led an MBO at Biddles in 2005, added: "Poor profitability overall demands change to ensure business survival and the bringing together of our two operations ensures the vision and ambition for future sustainability."
See this week's PrintWeek for more information.
MPG Books Group managing director Tony Chard
Comments
- 10 November 2008
The future is consolidation due to companies not operating with the `right` business models. So to the other companies still in business start now before the world changes for you.
If you wish our free report -
THE ROAD AHEAD - CREATE THE OPPORTUNITY
Industrial Market Review and Outlook for 2009
email: colin@cavendish-mr.org.uk
Colin Thompson
Cavendish
www.cavendish-mr.org.uk
Simon Biltcliffe- Webmart - 10 November 2008
Well done Tony!
Simon Biltcliffe
MD
WEBMART
\(and ex-colleague!)
Julie Cook - 10 November 2008
So is this another pre-pack? Something I thought you didn't believe in Mr Bitcliffe?
Simon Biltcliffe- Webmart - 11 November 2008
I missed that- thanks for pointing it out Julie.
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