UK based remanufacturer, Environmental Business Products Ltd (EBP) has announced the completion of the acquisition of German ink supplier Compedo GmbH.
Established in 1987, Compedo, based in Iserlohn, Germany, currently supplies bulk ink to inkjet manufacturers, including EBP, as well as being a supplier of ink bottles and finished product inkjet and toner cartridges.
EBP commented “This vertical diversification strategy from EBP has been adopted to help generate new opportunities in the broader world of ink, whilst also further strengthening EBP’s European capabilities post Brexit. In addition to this, the intention is to enjoy further synergism between Compedo and OCP whom the senior management of EBP acquired back in November 2018.”
Richard Pennekamp, founder of Compedo, will continue to oversee the facility in Iserlohn, sharing his expertise and wealth of knowledge within the existing EBP infrastructure.
Aleem Hosein, Managing Director of EBP said “the senior management team at EBP are extremely excited by the enhanced benefits that this acquisition brings for EBP, Compedo and also OCP. The ink industry remains challenging but we are continuing to go from strength-to-strength through the changes that we have made, and continue to make, and working with Richard and his team over the coming year and beyond looks set to further optimise Compedo and OCP’s competencies and in turn strengthen EBP’s position in the market.”
Now that the acquisition has been finalised, the combined teams are working on a detailed plan for implementation of numerous projects that have already been identified as growth opportunities, such as new ink development, new product portfolio introductions, stronger account management, and new customer acquisition initiatives.
