Valedo I has divested Bindomatic
Spiral Binding LLC (“Spiral”) has acquired binding efficiency experts Bindomatic Holding AB (“Bindomatic”) from Valedo Partners Fund I AB (“Valedo”). Valedo invested in Bindomatic in 2008 and has since devoted significant resources to expand direct sales and increase operational efficiency.
Bindomatic is established as a global market leader in offline thermal binding solutions. The company is headquartered in Stockholm, Sweden and operates own subsidiaries in USA, Germany, Portugal and Belgium. Through close co-operation with distributors the company’s products are offered globally.
“Bindomatic has achieved a stable and consistent growth over several years with direct sales growing more than 40% since 2011 supported by; investments in our sales force, launch of the Accel machine series with market leading Drop & Go-efficiency and strengthened production set-up. We believe that Spiral’s established reach to major corporations, small to mid-sized businesses, printers, facility management organizations, as well as the U.S. government and education markets will be a tremendous boost to Bindomatic’s customer base. By combining our market-leading products with their vast network, we are in a great position to transform the binding industry with new, more efficient technology.” says Göran Tolf, CEO, Bindomatic.
The terms and conditions of the transaction are not disclosed.
Valedo is an independent Swedish investment company investing in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing both capital and industrial experience, Valedo ensures that a company can achieve its full potential.
Bindomatic is a Swedish corporation and technology-leading manufacturer of best-in-class document binding solutions, doing business on a global scale for over 40 years through a vast distributor network as well as wholly-owned subsidiaries. The group is dedicated to providing top-quality business solutions for professional document finishing. They continue to strive to be the world leaders in off-line finishing by supplying best-in-class binding machines as well as unmatched quality with a variety of covers and supplies.
Spiral is a leading manufacturer and worldwide distributor of a diverse line of print-finishing, graphic-arts, and presentation products and services. Spiral maintains a highly qualified team of professionals that provides solutions to match any area of need for supplies and equipment in binding, laminating, paper handling, photo finishing, and custom imprinting services. Spiral is also the exclusive global manufacturer and distributor for the Pinchbook™ photobook and Silver Linings™ Self-Adhesive Photo Panels.