Bertelsmann Printing Group
From Wikipedia, the free encyclopedia
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Printing |
| Predecessor | Be Printers |
| Founded | January 1, 2016 in Gütersloh, North Rhine-Westphalia, Germany[1] |
| Headquarters | , |
Area served | Worldwide |
Key people | Axel Hentrei (CEO)[2] |
| Revenue | €1.624 billion (2016)[3] |
Number of employees | 8,138 (2016)[3] |
| Parent | Bertelsmann |
| Subsidiaries | AZ Direct Berryville Graphics Quad Graphics Campaign Coral Graphics DeutschlandCard GGP Media MBS Nürnberg Mohn Media Offset Paperback Manufacturers (OPM) Prinovis rtv media group Sonopress Vogel Druck |
| Website | www |
The Bertelsmann Printing Group is a German group of companies in the printing industry with headquarters in Gütersloh, North Rhine-Westphalia.[4][5] It was established in 2016 and is the market leader in Europe among offset and gravure printing companies.[6][7] The Bertelsmann Printing Group is one of eight divisions of Bertelsmann, the international media, service and education conglomerate.[8]
In 2005, Bertelsmann and Axel Springer consolidated their gravure printing operations under the umbrella of Prinovis.[9] Reasons for this included the industry-wide price decline and overcapacities.[10] The Hamburg-based company was marked leader in Europe from the beginning.[11][12] Bertelsmann indirectly owned 74.9 percent, with the subsidiaries Arvato and Gruner + Jahr each holding a 37.45 percent stake. Axel Springer owned the remaining 25.1 percent.[13] In 2012, Prinovis became part of Be Printers, a newly-established division of Bertelsmann for the majority of the printing companies.[14][15] This move was part of a larger reorganization of Bertelsmann under CEO Thomas Rabe who assumed his position in 2012.[16] In 2015, Axel Springer sold its stake in Prinovis,[17] making Bertelsmann the sole shareholder.[18] In the process, Bertelsmann gained the opportunity to further streamline its printing operations.[19]
Shortly after the restructuring, Bertelsmann announced in 2015 the establishment of the Bertelsmann Printing Group, effective January 1, 2016.[20] All printing companies of Be Printers and the printing operations previously belonging to the sister division Arvato were bundled under the umbrella of the new corporate group.[21] Several other service and production businesses, e.g. storage media manufacturer Sonopress, followed.[22][23] At the time of its founding, the Bertelsmann Printing Group earned annual revenues of some €1.7 billion and had more than 8,000 employees.[24] Independent of the merger, the brands of the individual printing companies, service and production operations remained intact.[25] Over the course of the business year, it had a significant positive effect on the profit situation of the entire corporate group.[26][27] In 2017, additional companies from the digital marketing business of Arvato have changed over to the Bertelsmann Printing Group.[28]
