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Prima acquires PMI Imageworks - Prima

Prima acquires PMI Imageworks

Prima Printing Pty Ltd acquires PMI Imageworks Pty Ltd for an undisclosed sum

Prima Printing has agreed to acquire 100% of the share capital of PMI Imageworks Pty Ltd in a move that will bring together two highly successful Personalisation and Print on Demand businesses.

Prima Printing is part of the District Photo Inc. group of Companies, based in Maryland USA, which together with Harrier LLC, based in Newton Abbot in the United Kingdom, forms one of the World’s largest digital print fulfilment Companies. The District Group partners with the World’s leading personalisation and Print on Demand (PoD) businesses. PMI Imageworks is owned and lead by Chris Zapris, a seasoned veteran in the personalisation and PoD space, who has over the last 10 years built an incredible business with a number of large household names in the personalisation and PoD sector.

The transaction is expected to close by October 31st, after which the two businesses will continue to operate independently through each business’ peak trading season of 2022, but with greater collaboration and co-operation.

Chris Hughes, President & CEO of District Photo Inc. said “I am delighted that we have agreed terms that will bring these two businesses together under the same ownership structure.  There will be no immediate changes to the way the two business operate under Chris and Amnon, but we will work collaboratively towards a common goal of delivering best in class customer service, with unparalleled quality of product and exacting SLA terms. There is little or no customer overlap, so our expectation is that our fulfilment partners will see considerable benefits over the medium term from this transaction, strengthening the enlarged organisation in these most challenging of times.”

Hughes said, “it has been a privilege working with Chris Zapris on this deal and I thank him for his professionalism and trust as we worked together through this complex agreement “.

Amnon Judah, Managing Director of Prima Printing, commented “the strategic acquisition will enhance the capabilities for both businesses to cross-sell to our combined clients and provide the basis for further investment in infrastructure to remain at the leading edge of automation and efficiency. Both businesses are nimble and smart players in a highly competitive global market. Combining the capabilities of both operations will deliver more value, scale, redundancy, and capacity to clients. We look forward to working with Chris and his team to create a future together”.

Commenting on the signing of the deal, Chris Zapris said “I am exceptionally proud to have led a world class management and production team that has earned us global recognition. Our amazing customers will benefit greatly with the planned investment in infrastructure and resources. I am assured Chris Hughes, and his team will continue to work tirelessly to support all our loyal customers.”

Prima started in 2016 and has become the largest PoD Fulfiller in Australia with over 65 staff located in Melbourne and overseas. Running a large fleet of Digital, Dye Sublimation, DTG and Eco-solvent printers and unique finishing infrastructure, Prima produces millions of units across their 450-product range for global brands in runs as small as 1 unit.

PMI Imageworks started in 2012 and based in Brunswick has a broader range of products than Prima and more variability within their product range. The business is the market leader in personalised Wall Art, Art Prints and Home Décor as well as producing Photobooks, Cards and Gifts. With over 60 staff PMI has a reputation for ingenuity and creativity for clients.

For questions concerning this announcement or the transaction, please contact Amnon Judah, or Jeff Sim, CFO of District Photo Inc, on +1 301 595 5651