25-Aug-2011 Seattle, Wash.
It was announced today that RPI acquired Paro Group BV, a wholly-owned subsidiary of JP Media Group, Eindhoven, Netherlands. The acquisition, which includes the assets of Paro Printing and Paro Books, will benefit existing and potential customers by enabling them to expand their brand equity into new markets and geographies through a variety of quality, customized consumer products.
“Over the past 30 years, we have pioneered the mass customization industry by leveraging our consumer insight, creative product development expertise and developing the technology to manufacturer the highest quality personalized products for our customers,” says Rick Bellamy, CEO, RPI. “As mass customization continues to grow at an exponential rate, it requires state-of-the-art manufacturing technology and processes to remain agile as customers seek innovative, customizable and affordable products to meet consumer demand.”
RPI will transition the Paro Group brand, including Paro Printing and Paro Books. In addition, Paro’s executive management team and more than 50 employees will now join RPI to become RPI-Paro, a wholly-owned subsidiary of RPI.
“We are very excited to join RPI,” says Jan-Paul van den Hurk, owner and CEO, Paro Printing. “RPI is committed to making strategic investments that spur continued innovation and provide long-term value for our customers while moving the industry forward. We are thrilled by the new possibilities and together we are poised to become one of the world’s leaders in the mass customization industry.”
For more information on how RPI is helping fuel the rapid growth of personalized products, please visit www.rpiprint.com.