Chicago based supplier of digital imaging graphics services Schawk has acquired Weir Holdings, which has operated under the Winnetts' name as a leading European provider of graphics and value chain services to consumer products companies, retailers and major print groups. Winnetts is headquartered in Leeds and has sites across the UK, in Belgium and in Spain.
Says David A Schawk, president and ceo: "This acquisition provides us with a significant presence in the UK and European markets, with global supply capabilities. Winnetts, which will soon adopt the Schawk name, will now be able to bring global expertise and capabilities to its already formidable client base. With approximately $40M in annual sales, the addition of Winnetts creates substantial opportunities for growth."
Nigel Parsons, managing director of Winnetts comments: "The completion of this deal fulfills one of our key strategic goals of being able to offer a truly global service capability. We are looking forward to completing our integration into Schawk over the next few months."
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