The deal

We’re pleased to have supported Pensord Press on its acquisition of Cambrian Printers in a deal that sees Cambrian and its 50 employees continue to work under its existing brand.

Pensord Press specialises in litho printing of catalogues and brochures as well as commercial and digital work. Following the deal, owners Robert and Tim Read will retire from an industry their family has worked in for 90 years.
The company prints more than 400 regular publications and employs about 150 people in near Blackwood, Wales. It has an annual turnover of c. £12 million.

Our Corporate Finance team, led by Partner Gary Partridge and Director Thomas Edwards, provided lead buy-side support to Pensord Press.

Thomas Edwards, said “We were really happy to play an important part in making this transaction happen- we wish all the best to the combined business in the future.”

Darren Coxon, Managing Director of Pensord Press, said: “Cambrian Printers is a well-respected name in the industry with a portfolio of long-standing customers, so when the opportunity to purchase arose we jumped at it.

“In challenging times with a number of big printing names going to the wall, this acquisition gives us the chance to expand our capacity and takes us into new commercial territories, adding to our digital work, and broadening our footprint within Wales.”

Outgoing Cambrian Printers Owner Robert Read added: “Cambrian has been a significant employer in West Wales since 1860 when we printed newspapers, and 1927 when the Read family took the helm, so when we decided to sell, it was important we found a buyer who had a real understanding of what we do, and an empathy with our staff.”