Prinovis UK to close due to market decline and spiralling costs

It’s the end of an era for publication gravure printing in the UK with news that the last remaining exponent – Prinovis in Liverpool – is to close.

The news, which had been the subject of increasing industry speculation since Prinovis lost the DMG Media contract just over a year ago, was confirmed this afternoon (7 November).

Prinovis said the decline in the gravure market since 2019 had rendered the business unsustainable, despite support from parent company Bertelsmann and some new customer wins in recent months, including TV Choice for Bauer.

In a statement, Prinovis said management had undertaken a review of the business to consider all options, but there was no way forward.

“Over the past two years the company has implemented restructuring changes and initiated cost savings in an attempt to make the business viable.
more at: https://www.printweek.com/news/article/prinovis-uk-to-close-due-to-market-decline-and-spiralling-costs

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