Paragon Group, a provider of customer communications, identification and graphics services, has acquired Imprimus Limited which will become part of Paragon Customer Communications’ business in the UK.
Imprimus, formerly known as Stralfors UK, has an annual turnover of around GBP14 million; following the acquisition Paragon Group revenues will exceed EUR700 million during the coming financial year.
The investment in Imprimus is in line with Paragon Group’s strategy to actively integrate complementary businesses in a positive way. With locations at Redruth and Dartford, Imprimus is a successful business which enriches the operational capabilities of the Group in sphere of transactional communications.
Imprimus brings a strong management team to the business, to complement and work with the existing strong team at Paragon Customer Communications. Imprimus has a diverse product portfolio, which will complement solutions already offered by Paragon, particularly around postage optimisation and digital channels. There is very little cross over between client bases of the two companies.
John Rogers, VP of Corporate Development at Paragon Group, says: “We are delighted to have acquired a talented, experienced team from Imprimus, along with an excellent client base and a diverse portfolio of products and services, which will further enhance the wide range of solutions we offer our customers.”
Jeremy Walters, CEO at Paragon Customer Communications UK, says: “The acquisition strengthens Paragon’s position as one of the most trusted and reliable service providers in the UK transactional and regulatory communications market. It underlines our ongoing commitment to be the premier service provider to our customers, offering unrivalled infrastructure, to enable fast turnaround of transactional and regulatory communications by our skilled and dedicated team in an increasingly regulated world.”
“We offer a warm welcome to our new colleagues and clients from Imprimus and look forward to offering our combined client base access to a growing range of bespoke market-leading communications solutions.”
