Jun 05, 2013. /Lesprom Network/. PaperlinX Limited announced that its Danish operations, PaperlinX CC&Co, has acquired Cadorit AB for A$1.1 million. Cadorit is based in Borås, South West Sweden, and specialises in digital solutions for the sign and print industry. It has annual revenues of approximately A$3.2 million. The purchase price represents an EBIT multiple (pre-synergies) of approximately 5x the 2012 earnings of the acquired business, as the company said in a press release received by Lesprom Network.

PaperlinX CEO Mr Dave Allen commented: “The acquisition of Cadorit is consistent with the group strategy of expanding our revenue streams beyond our traditional commercial print offering via organic growth and/or complementary bolt-on acquisitions. We are extremely excited about the opportunity that this acquisition brings to PaperlinX as it will provide a platform to becoming a leading supplier of visual technology and packaging solutions in this region.”

The acquisition completed on 1 June 2013 and was funded out of the local credit facilities of PaperlinX CC&Co.

PaperlinX is a leading international merchant of paper, communication materials and diversified products and services.