Entry Point:

• Independent printing house based in Barcelona, specializing in high-quality short and medium print runs.
• Buy-and-build. Opportunity to form the largest Spanish independent printing group along with Printone and Extremadura.
• €4.7 million investment in April 2002 (82% ownership)

Value creation:

• Revenue amounting to €20.4 million in 2001 and €24.2 million in 2004. EBITDA of €2 million and €2.8 million, respectively.
• Increased production and storage capacity as well as a 10% cost reduction.