Appleton Acquires BemroseBooth
Appleton, Appleton, Wis., has acquired BemroseBooth, a provider of secure printing services based in Derby, England. For approximately $60 million, Appleton has purchased all shares of Bemrose Group Limited.
"The company's location, customer base, experienced management team and market leadership positions make BemroseBooth a strong platform from which to grow our security business," Appleton's CEO Doug Buth said in a press release. Buth also noted that this acquisition will give Appleton instant access to security product markets in the United Kingdom and Western Europe.
Employing nearly 850 people at manufacturing sites throughout England, BemroseBooth's sales revenue for 2003 is estimated to be approximately $100 million. This British manufacturer produces security printed vouchers and payment cards, mass-transit and car-parking tickets, variable data labeling, high-integrity mailing and niche publishing.
According to Buth, Appleton will provide BemroseBooth with the resources to accelerate its growth plans, while continuing to independently operate.