Vistaprint N.V. has commenced, subject to market conditions, a private offering of $250.0 million in aggregate principal amount of senior notes due 2021. The company intends to use the net proceeds of this offering to repay outstanding indebtedness under a line of credit and a portion of the indebtedness outstanding under its revolving credit facility and to pay related fees and expenses.
Vistaprint N.V. has entered into a definitive agreement to acquire Pixartprinting Srl for a base purchase price of approximately €127 million, resulting in Vistaprint ownership of 97 percent of Pixartprinting, and 3 percent retained ownership by Pixartprinting’s founder. "We believe Pixartprinting will be a great addition to Vistaprint,” said Robert Keane, president and CEO of Vistaprint. “We are excited about their product breadth and strong customer relationship focus, and we are committed to investing in their continued success."
Vistaprint N.V. has entered into a definitive agreement to acquire People & Print Group B.V., based in Deventer, the Netherlands. Vistaprint plans to continue to grow the People & Print Group brands as an independent and focused set of brands that will remain distinct from Vistaprint in their value proposition and positioning.
Vistaprint N.V. and Plaza Create, a leading Japanese retailer of photo products, have entered into a definitive agreement to form a joint venture in Japan that should strengthen both companies’ ability to serve Japanese customers through the combination of Vistaprint’s technology, manufacturing expertise and e-commerce experience with Plaza Create’s reputation for customer service and quality products.
VENLO, THE NETHERLANDS—Vistaprint N.V., an online provider of professional marketing products and services to micro businesses and the home, announced financial results for the three month period ended Sept. 30, the first quarter of its 2014 fiscal year.
Vistaprint N.V. has announced financial results for the three month period ended September 30, 2013, the first quarter of its 2014 fiscal year. “Our first quarter revenue results were consistent with our expectations across all geographic regions, and we continued to make good progress against our strategic initiatives,” said Robert Keane, president and CEO.
A new partnership has been forged between Vistaprint and SCORE, to help business owners who operate businesses with fewer than nine employees to professionally promote their businesses through insight, inspiration and guidance tailored to their specific needs and based on best practices from their peers.
Commercial printer company and personnel news from Printing Impressions’ April 2013 edition, featuring Alcom Printing Group, H.O.T. Printing & Graphics, Trend Offset Printing, Vistaprint, Diversified Printers, Proforma and McClung Companies.
At the PINE annual Industry Awards Gala, set for Thursday, April 4th at the Marriott Boston/Newton hotel in Newton, MA, Robert Keane, Vistaprint’s president and CEO, will receive the Industry Influencer Award. The Award honors the contributions of an individual whose vision and energy have impacted our industry in a profound and permanent manner.
Vistaprint’s operating income in the quarter was $0.2 million and reflected a 98 percent decrease compared to operating income of $9.7 million in the same quarter a year ago. Its revenue grew to $251.4 million, an 18 percent increase compared revenue of $212.4 million in the same quarter a year ago.
