Web-to-print provider Print Evolved has acquired Mayfield Press (Oxford). Initially Mayfield will come under the Ivor Solution name, the acquisition arm of Print Evolved, which plans further takeovers.
“Covid has significantly impacted the print industry, prompting an in depth review of business strategy to maximise future potential. The acquisition of Mayfield is part of our strategy, giving benefits for both businesses. For Print Evolved, this gives us additional large-format capacity and high quality design agency services. Together we can offer all our customers an even more comprehensive service package, all controlled in-house,” said Print Evolved MD Spencer Slee.
Mayfield MD Cameron Thomson added: “We are delighted to be joining the Print Evolved group. The addition of their specialist Web-to-print solutions gives us so much more to offer customers and the introduction of their automated workflow systems will help us increase capacity and improve production efficiency. It also allows us to offer an economical same-day service in the London area. It’s good for our customers, and for us too.”
Richmond Capital Partners facilitated the acquisition. Its CEO Paul Holohan said of the move: “The two companies have substantial synergy and we are delighted to have been instrumental in bringing them together. We do have a long and successful track record with Print Evolved and our knowledge of their business enabled us to introduce this potential acquisition to them. I’m sure this will be a fruitful liaison and that the group will go from strength to strength, adding further acquisitions to extend their offer to clients.”
For now Mayfield will continue to trade under its well-known and respected brands as part of the Print Evolved Ivor Solution portfolio whilst the future group structure is finalised.