Expanding South of the border
Canadian printer GTC Transcontinental Group Ltd. bought Mexican Editorial Offset. The terms of the transaction were not disclosed. Editorial Offset has an annual turnover of US $18 million and prints books for publishers such as Larousse and McGraw Hill. In the short term GTC, who hopes to geographically diversify its revenues, expects to have annual sales of around US $300 million from its Mexican business.
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