Print and mail bureau Laser Facilities has acquired PaperGeni, the Roodepoort-based specialist envelope manufacturer, for an undisclosed amount.
The acquisition will provide Laser Facilities, a division of Bytes Technology Group, with immediate and long-term growth opportunities as it will be able to offer a wider selection of services and additional benefits.
As part of Laser Facilities' overall service, it sources and stores envelopes for mailing its clients' documents. Acquiring PaperGeni was a logical addition in a strategic plan of providing Laser Facilities' customers with a vertically integrated total solution.
As part of the agreement, all of PaperGeni's management and employees will remain in place, including Thorsten Schäfer, MD of PaperGeni who founded the company in 1990 together with his father Manfred. Schäfer will continue to run and manage the operation with the assistance of the Laser Facilities management team.
This gives all current customers the assurance that they will enjoy the same service and competitive pricing as before, but with the added benefit of expanded service and product offerings, and with the financial backing of the Bytes Technology Group.
"We can now offer an innovative one-stop solution for creative postal communication," says Schäfer.
Konni Hoferichter, divisional manager of Laser Facilities, says: "The acquisition is a major development for Laser Facilities and PaperGeni. We are excited to add a great team of people to our existing complement and can now give our clients an even more competitive and comprehensive offering."