Portuguese online print company 360 Onlineprint is seeking UK printers to join its manufacturing network as it expands into the British market.
360 is to launch in the UK at the end of April. The company offers a portfolio of 400 products and services including small- and large-format, stamps, magnets, gifts, textiles and design, fulfilling 4,500 jobs daily.
As well as the UK, the company is expanding into 16 other territories, including Germany, Canada, France, Ireland and the Czech Republic, with the assistance of £15.5m backing from German investor LeadX Capital Partners. 360 is also consolidating its position in existing markets in Portugal, Spain, Brazil and Mexico.
Chief executive Sérgio Vieira said: “Now is a very good time to expand to the UK because we have a solid platform, an extended range of products and we also have expanded our team.
“In addition, this investment round has given us the necessary support to take this big step. We have a history of sustained growth and this is the mentality we want to maintain, so now it makes sense move to the United Kingdom.
“We are a marketplace and we want to give our customers the ability to find all marketing products and services in one place. From quality products to complementary services such as logo design or marketing products designs.”
360 Onlineprint works with a client base mostly comprised of SMEs and individual entrepreneurs and conducts its manufacturing through a “carefully selected” network of suppliers which it will now work to expand, including taking on partners in the UK.
Until it identifies UK partners, 360 will produce its output for the UK in Portugal.
Vieira emphasised an ambition to see his company become “market leaders” in the UK and stressed that previous customers have recommended the business’ services to friends, family and co-workers.
Employing 200 people in its newly-expanded team, 360 Onlineprint currently turns over €21m (£18.1m), which represents an 80% increase on 2017. For 2019, Vieira said the firm was targeting €35m and subsequently €100m sales in 2021.