Page 22 - PWM2023_March

NEWS GLOBAL

IN BRIEF Mimaki launches its

Several titles across differ-
ent market sec to r s
increased their circulation first DTF printer
year-on-year in the latest
A udit B ur e au of
Circulations (ABC) consum-
er magazine reports, but Mimaki expands their tex- easy and affordable process
the majority recorded a
drop in circulation. The tile portfolio with the for decorating apparel, most
data for 2022, released on 21 February showed an increase TxF150-75, a printer commonly T-shirts. The
in UK/ROI sales of 22% for Build It incorporating Self Build & designed for high quality, design is initially printed
Design, while other titles recording double digit year-on- customisable textile applica-
year improvements included English Heritage Members directly onto a special trans-
Magazine (up 17%), Pokemon (up 16%), Sight and Sound tions. fer film, which is then sprin-
(up 13%), and Royal Horticultural Society title The Garden Mimaki, a leading manu- kled with hot-melt powder.
(up 10%). For years, the women’s weeklies market has facturer of inkjet printers and
struggled, and this continued again in 2022, with every title cutting systems, announces Once heated and dried, the
seeing its UK/ROI sales fall. The biggest circulation drops in transfer sheet is ready to be
the sector were seen by Best (down 27%), New! (down its first ‘direct to film’ (DTF) Mimaki expands textile portfolio applied to the fabric using a
22%), and Closer (down 18%). That’s Life held up the best in inkjet printer, the TxF150- textile applications. This is
this market, down by only 3% year-on-year. 75, at its Global Innovation the latest entry from Mimaki heat press.
Based on Mimaki’s exist-
Mondi has posted sales on Days event. Utilising a heat- for the decorated apparel seg- ing 150 Series, one of its best-
continuing operations up based transfer method, the ment and made its EMEA at-
28% last year, with an printer is ideal for creating show debut at Printwear & selling models, the new
even bigger increase in premium, customised mer- Promotion Live! in the UK TxF150-75 responds to the
operating profits at the
packaging and paper chandising, sportswear and (26th-28th February 2023). market need for a reliable,
group. Group sales, various other promotional DTF printing provides an stable DTF technology.
excluding its Russian busi-
ness, rose from ¤6.97bn Grafenia’s another acquisition
(£6.15bn) to ¤8.9bn in the year to 31 December 2022, while
the underlying operating profit of ¤1.44bn was up 85% on
2021. After the gain on disposal of its Personal Care Grafenia has acquired €3.84m, with €960k Topfloor had sales of
Components business, the operating profit was ¤1.69bn, up another specialist software deferred until the first anni- €1.59m and made EBIT of
114%. Underlying EBITDA increased by 60%, to ¤1.85bn. company from a completely versary of completion. A fur- around €370k in the finan-
Following Russia’s invasion of Ukraine a year ago, Mondi cial year to 31 August 2022,
agreed a ¤1.5bn deal to sell its ¤821m turnover Syktyvkar different sector. The group ther €1.4m will be payable if
integrated mill there to Augment, which is owned by has acquired Topfloor the business meets certain however, Grafenia said the
Russian billionaire Viktor Kharitonin. Prior to the war the Systems in a deal worth up financial performance tar- management changes will
Russian businesses had accounted for around 12% of to €6.2m (£5.5m). gets. reduce operating costs and
Mondi’s global turnover. Mondi said the approval processes
for the divestments remained ongoing. Dublin-based Topfloor Founding shareholder immediately increase profit-
develops property manage- George Murphy is leaving, ability.
Pan-European book print- ment software used by own- while CEO Niall Wrafter Grafenia acting CEO
ing group CPI has appoint- ers, landlords and managing and CTO Cathal Browne, Gavin Cockerill said Topfloor
ed a new CEO. Chris Malley agents. It has customers in both also shareholders of was a great example of the
took over from chief oper- the UK and Ireland. The deal Topfloor, will remain with kind of business Grafenia’s
ating officer Fabrice Holler
at the beginning of this involves an earn-out. The the business which has a Software Circle team are
week. Malley has wide- initial consideration was team of eight. searching for.
ranging experience in
his career he worked at the then-Smurfit Print and subse- Woodberry Packaging buys Incodia
manufacturing, M&A and international business. Earlier in
quently became commercial director and then finance
director at various Smurfit Kappa subsidiaries. He then Independent gift, loyalty, 125 people, represents
spent more than 15 years in senior roles at plastics business and membership cards sup- Woodberry Packaging’s first
Carclo PLC, including as CEO of its conductive inkjet busi- plier Incodia has been
ness. Most recently he was CEO at automotive lighting spe- acquisition outside of Ireland
cialist Wipac Technology. acquired from Longacre as it continues to expand its
Group by Woodberry
Nearly all of the companies that took part in a trial of the Packaging for an undisclosed print and packaging opera-
four-day working week reduced hour work model have sum. Woodberry Packaging tions. It acquired Dublin-
decided to keep the policy after finding a strong increase in is a wholly owned subsidiary Incodia sites in Colchester based print and packaging
wellbeing at no cost to productivity. 92% of the organisa- of Woodberry Capital, a non-
tions that participated in the 4 Day Week Campaign trial who has extensive experi- firm Colorman in 2021.
announced by 4 Day Week Global last January have decided institutional private equity ence in the print and packag- Following the acquisition,
to maintain the four-day week, according to a study of the firm that invests in busi- ing sector, having owned
trial by think tank Autonomy, the University of Cambridge, nesses with the potential for Americk Packaging which Woodberry Packaging is
and Boston College. Across the test group, more than two- long-term value creation. was sold in 2016. forecasting revenues of
thirds (71%) of employees reported lower levels of burnout.
It is led by Patrick Doran Incodia, which employs €48m (£42m) in 2023.
22 PrintWeek MENA March 2023 www.printweekmena.com