ALPRINT SELLS TABLOID ROTATION PRESS TO PIRKANMAAN LEHTIPAINO OY
ALMA MEDIA CORP.STOCK EXCHANGE RELEASE 1 JUNE 2001, 3.00 PM (EET) ALPRINT SELLS TABLOID ROTATION PRESS TO PIRKANMAAN LEHTIPAINO OY Alprint has sold its hybrid rotation press in Sarankulma, Tampere, to Pirkanmaan Lehtipaino Oy. The press, which specializes in eurotabloid newspapers, has annual net sales of approximately MFIM 30. The divestment will have a slightly positive impact on Alprints performance. Alprint focuses on high-quality heatset products and prepress services. Last year Alprint concentrated its heatset printing and postpress operations at its large Rahola unit in Tampere, at the same time closing the heatset units in Vantaa and Pori. Alprints broadsheet newspaper presses in Tampere, Pori, Rovaniemi and Kajaani were transferred to Alma Medias newspaper publishing business area, Alpress, from the beginning of 2001. Alprint has also sold all three of its sheet printing units in separate transactions. In the divestment dated today, Alprint has sold its hybrid newspaper rotation unit in Sarankulma, Tampere, to Pirkanmaan Lehtipaino Oy. The new owners are Samuli Nurmi, Tampere Region Growth Fund Tasku Ky and Pikespo Invest Oy Ltd, the latter two being capital funds managed by Sentio Invest Oy. President of the new company will be Samuli Nurmi. Kauko Viljanen, previously head of Alprints Sarankulma unit is a part-owner and executive vice president of Pirkanmaan Lehtipaino Oy. The parties have agreed not to disclose the transaction price. The divestment will have a slightly positive impact on Alprints performance. The Sarankulma hybrid printing plant specializes in eurotabloid newspapers and is able to combine both newsprint and magazine grades in the same product, printing newspapers with page numbers up to 40. The plant can print a complete 4-colour newspaper of 24 pages, eight of which are printed on magazine paper. The printing plant has annual net sales of some MFIM 30 and about 40 employees, who will continue with the company under their existing contractual conditions. The deal is good for all parties, states Alma Medias executive vice president Risto Takala. The unit, with its size and product range, no longer fitted in with Alprints business strategy. This deal is the best possible means of securing continuity for both the plants customers and its personnel. ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Corporate Communications and Investor Relations Distribution: HEX Helsinki Exchanges, Principal Media
- Date: 1.6.2001, 08:00
- News type: Stock exchange release
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