Interprint GmbH in Arnsberg has acquired the Russian subsidiary OOO Coveright RUS from the Coveright Surfaces Group and its joint venture partner Jacobs Trading Ltd. The transaction is subject to the approval of the Russian Antitrust Authorities.
A long term know-how licence agreement ensures that Coveright RUS will continue to produce the entire existing product range.
Interprint’s managing director Frank Schumacher welcomes the acquisition as an investment in the future that will pave the way for an important expansion of Interprint’s service portfolio: “We are pleased that we can put the excellent business relations between the Samara and Egorievsk locations on a new basis.”
David Miers, chief operating officer of the Coveright Group regards the agreement as an excellent opportunity for further business development in Russia: “The customers in the entire region will benefit from this fusion of competencies of both companies and our ability to offer them customised solutions.”
