Paragon acquires The Lettershop Group in third strategic deal this year
Paragon Customer Communications (Paragon) has announced the acquisition of print and direct mail specialist, The Lettershop Group (TLG). In this strategic acquisition, TLG and its 142 UK-based employees will become part of Paragon Customer Communications UK, Ireland and Luxembourg.
Paragon Group is a leading provider of Customer Communications, Identification, Graphics Services and Office Services. The Group has a turnover of €1.5bn (£1.2bn) and more than 9,000 employees.
This deal forms part of Paragon’s ongoing growth plan, which will augment the company’s strong organic growth performance and its capabilities, talent and market share with strategic acquisitions. TLG’s Leeds site and expertise, steeped in its 136-year heritage, will enhance Paragon’s current market-leading offerings.
The acquisition of TLG will extend Paragon’s direct mail and packaging portfolios and broaden the range of solutions it can offer clients. Paragon believes TLG offers great potential for future growth due to its strong client base and dedicated staff.
John Rogers, Executive Director, Corporate Development, Paragon Group, said, “Paragon is committed to its acquisition-led growth strategy. Incorporating TLG will provide us with the opportunity to continue our growth trajectory and offer increasingly innovative solutions to our customers in a market that remains fragmented.”
Jeremy Walters, CEO of Paragon Customer Communications UK, Ireland and Luxembourg, said, “we are delighted to welcome TLG and our new colleagues to Paragon. Its industry knowledge, expertise and dedication to its customers will help to strengthen our position within an evolving market, and we are thrilled to begin working with its 142 committed staff members.”
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