Major label acquisition in the Baltics – planning expansion in Scandinavia

‎Prime Label Group, a company under the Innova Capital Group, has acquired the Estonian-based label firm Labelprint OÜ.

‎Labelprint has specialized in production of self-adhesive labels and runs a modern production site with both flexo and digital printing. The company was founded in 2001 and is producing labels to all kind of clients within the retail sector in Estonia and in Scandinavia.‎

‎”The acquisition of Labelprint strengthens our leading position in Central Europe and will help our further expansion in the Baltics and Scandinavia. This is also a next step in the development of Prime Label Group’s strategy. Our goal is a turn over of at least 100 million Euro in the group by 2025,” says Arkadiusz Sapiecha, CEO of Prime Label.

‎Sten Sarap, CEO of Labelprint, adds:

“I see some major advantages with Prime Label. With the partnership we will have advantages when dealing with our suppliers, and we will also be able to offer a broader product portfolio in our markets. We are very much alike when it comes to our passion for print.”

Source: Innova Capital