Subsequent to a year of discussions, negotiations and planning, on 1 October, Uniprint announced its acquisition of Triumph Printing (Triumph), merging the Durban-based printing company with its packaging division. The deal was concluded after approval was received from the Competition Commission at the end of September.
To commemorate the merging of the two businesses, welcoming the Uniprint staff and bidding farewell to the Triumph shareholders, the new management team hosted a function at Triumph on 28 October.
Maintaining jobs and the winning operational structure
Discussing the structure of the business, Uniprint’s general manager, Leal Wright, comments: ‘Garth Currie, MD of Triumph and his management team are remaining as is and will be responsible for the management of the larger packaging division. Manufacturing will take place at Triumph and the Uniprint premises will be used for warehousing. Retaining jobs was an important objective of both companies and this was achieved, as is the retention of the Triumph brand, which has been supplying the market for almost 50 years.’
Complementary business efforts
The acquisition makes good business sense for both companies as they operate in similar packaged consumer goods markets, but have distinct selling propositions. Triumph is home to a sheeting and laminating facility, which offers cost-effective sheeting of board and a high end finish for laminated printing of rigid cartons. Uniprint has a history of pharmaceutical printing, particularly with package inserts. It also produces cut and stack labels for a number of food canning customers.
Going forward, the larger entity will have the scale to meet the needs of Uniprint’s traditional customer base of large multinationals and local corporate customers.