HFM complete its withdrawal from industrial production
Archives Lagardère Active
Paris, September 27, 2001
Following on from the sale of its offset division and its photogravure plants in Madrid and Milan to three major players in the European market, Hachette Filipacchi Médias has just signed a deal for the disposal of all their other photogravure and soft binding facilities to Quebecor World.
This sale, involving the acquisition of 100% of the equity in the industrial holding company E2G, is accompanied by a long-term partnership agreement between the two groups Hachette Filipacchi Médias and Quebecor World in the printing sector, not only in France, but possibly also abroad in the future.
This means that Hachette Filipacchi Médias has achieved, under the best possible conditions for its plant and workforce, a complete withdrawal from printing, refocusing its business on written media. The agreement is currently being scrutinized by the competent competition regulators.
For the record, Hachette Filipacchi Médias generated annual net sales of EUR2.5bn in 2000, and, with 210 magazines published in 34 countries, it is the biggest publisher worldwide.
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