RDCP acquires large UK commercial printing firm
Investment firm RDCP Group has acquired Ipswich-based Ancient House Printing Group for an undisclosed sum.
This latest deal is RDCP’s fifth acquisition in the last 12 months, following its purchase of Chilango, Macair, Buxton Water and Su-Fix Precast last year. Established in 2015 by Sameer Rizvi and Iryna Dubylovska, RDCP Group is a diversified conglomerate that controls USD200 million (GBP140 million) of investments across five sectors and employs 675 staff members in the UK. The acquisition of Ancient House Printing Group is RDCP’s 15th acquisition since 2015.
Taken over by the previous owners in 1971, Ancient House Printing Group is a sizeable commercial printing business that has become one of the UK’s most established web and sheet-fed printers. Located in Ipswich, the team operates from a 120,000 sq ft site providing printing services to a range of blue chip organisations and regional companies. Ancient House Printing Group employs circa 100 staff members and has a turnover of GBP17 million. All staff will be retained as part of the acquisition.
Sameer Rizvi, CEO and Founder of RDCP Group, says: "Ancient House Printing Group is a market-leading commercial printing business that has a terrific reputation in the print media sector, and we are delighted to welcome the business to the RDCP Group. Besides their history of profitable growth, what truly attracted us to the business was their high-profile client list, state-of-the-art factory space, and their ambitious management team whose industry experience really stands out. Despite operating through a pandemic environment, the business has shown resilience and is now primed for its next stage of growth. We are thrilled to be working with Michael Underdown and Allison Berry, and their senior management team.
It will be business as usual for the staff and clients and we look forward to using our expertise to support the management team drive forward the business. The firm’s approach of combining the highest level of customer care, with innovative print solutions and cutting-edge technology has helped the business to withstand the challenges of the pandemic and be well placed to meet market demands as the world move towards normality and the need for print media services increases.”
Allison Berry, Joint Managing Director at Ancient House Printing Group says: “ We are delighted to join the RDCP Group. This is a new and very exciting chapter for Ancient House Printing Group, one of growth, development, and new opportunities. The business has a great history, which will continue under the impressive leadership of Sameer Rizvi and Iryna Dubylovska.”
Michael Underdown, Joint Managing Director at Ancient House Printing Group says: “We are very much looking forward to the future; Sameer and Iryna are a dynamic duo. Ancient House Printing Group will continue to thrive under their leadership, they bring a wealth of knowledge and expertise securing the company’s position as a leading commercial web and sheetfed printer in the UK.”