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Elanders AB to Acquire Midland Information Resources


Friday, 21 Dec 2012 02:00am EST 

Elanders AB (Elanders) announced that it has signed an agreement to acquire the American company Midland Information Resources (Midland). This acquisition is a continuation of Elanders' international expansion and it will extend its presence on the United States (US) market. Midland is located in Davenport, Iowa, US, and is a company in global print management with its solutions for content management services, just-in-time-deliveries in digital print, as well as fulfillment and distribution. Among the clients are several Fortune 500 companies which Midland serves with global deliveries around the world. By acquiring Midland Elanders gains access to both solutions and technique in digital print, as well as a customer base where more than 50% of the company's net sales come from Fortune 500 companies. The combination of Midland and Elanders not only opens up further expansion on the North American market but entails greater global expansion in common customer segments as well. Midland will continue to be run under its current name and management. The purchase price is expected to amount to USD 23 million and the acquisition will be financed with cash and loans. Midland is expected to contribute positively to Group profits already in 2013. 

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