CH Media and Galledia strengthen their partnership
CH Media is selling all of its shares in Multicolor Print AG to the Eastern Swiss media company Galledia, effective retroactively as of January 1, 2020. The production facility in Baar, ZG, will remain in operation.
CH Media and Galledia are already working together in the regional newspaper business and are now strengthening their partnership even further: Galledia is acquiring all shares in Multicolor Print AG, a graphic arts company for print and online communication based in Central Switzerland, from CH Media with retroactive effect from January 1, 2020. The company will continue to operate as an independent public limited company and will retain its production site in Baar.
Portfolio expansion for Galledia
For Galledia, the transaction represents a sensible addition to its existing portfolio. The two largest sheetfed printing companies in Switzerland will be merged to form an alliance and the axis between central and eastern Switzerland will be closed. For customers, this means concentrated expertise in sheetfed and digital printing. In addition, the merger will enable Galledia to further expand its digital expertise.
Change in management
Following the acquisition by the Galledia Group, Daniel Schneider, Head of the Print Division and member of the Executive Board at Galledia, will take over the management of Multicolor Print AG from July 1, 2020. He succeeds Heinz Meyer, who will hand over the business to Daniel Schneider during a transition phase before taking on a new role at CH Media.
"The sale of Multicolor Print AG is in line with CH Media's strategy of focusing on the two main pillars of publishing and entertainment," says Roland Kühne, Chief Operating Officer and member of the CH Media Executive Board. "We have succeeded in finding a strong partner for the divested businesses in Galledia with a high level of expertise in the areas of print, digital and specialist media".
"We are delighted to have found a partner with a very similar strategic focus in Multicolor Print AG, with whom we can jointly develop our strategic business units Print and Digital in the long term," says Daniel Ettlinger, CEO of Galledia Group AG.
The parties have agreed not to disclose the purchase price of Multicolor Print AG.
