Hofmann acquires the German company Posterjack
Hofmann, one of the leading European companies in the print-on-demand market for the end customer, has acquired a majority stake of Posterjack GmbH following its strategy to consolidate the European market. Florian Stadler and Johannes Busch, founders and Managing Directors of the Company, will continue to manage the Company and will remain as shareholders with a relevant stake.
Founded in 2005 and based in Munich (Germany), Posterjack is one the leading companies in Central Europe for the personalised printing wall decor market with products such as posters, canvas and gallery prints. With special focus on Germany, Austria and Switzerland, Posterjack has steadily grown at a double digit rate to reach ca. 10 million Euros in 2012. The continuity of the founders and the management team guarantees the future project.
The combination of both companies will arise significant operating and business synergies, especially by increasing Posterjack’s commercial offer with products such as the digital album, Hofmann’s flagship product.
Hofmann will continue to support the internationalization strategy of Posterjack in countries like France, Benelux, United Kingdom, Poland and Canada.
With the acquisition of Posterjack, Hofmann has accelerated its growth strategy in the European market after becoming in recent years the undisputed leader in Spain and Portugal. In this regard, the Hofmann-Posterjack Group will continue to actively analyze other potential acquisitions to increase its international leadership.
Posterjack: CF Partners (corporate); Wächter . Kuss Rechtsanwälte (legal).
Hofmann: PwC (due diligence and legal).