Oakhill Group, the company which has been created by the de-merger of the printing, packaging and labels divisions of James Crean will be listed on the Dublin and London stock markets shortly.
The new plc is expected to have a market capitalisation of between £35 million (€44 million) and £45 million (€57 million). The group has an international presence with operations in Ireland, the UK and US. In documentation seeking shareholders approval for the de-merger, it has indicated that it will be pursuing a selective acquisition strategy to complement its existing businesses.
"The group intends to strengthen its position in the printing sector by developing added value services to achieve increased market share in the rapidly growing areas of print and distribution management and direct mail," a statement said yesterday.
The board of Oakhill includes, Mr Donal Chambers, non-executive chairman, Mr Donnacha Hurley, chief executive, Mr Michael Gannon, finance director, and non-executive directors, Mr Alastair McGuckian, Crean former chief executive, Mr Ray McLoughlin, Esat Telecom chairman and chief executive, Mr Denis O'Brien and Nissan chairman, Mr Gerard O'Toole.
Oakhill is principally engaged in the design and printing of brochures, plastic cards and specialist literature. The printing division accounts for 50 per cent of Oakhill's turnover. The de-merger has evolved as a result of a major re-organisation of James Crean. Following the de-merger, Oakhill will act as the ultimate holding company. Its direct subsidiaries will be Liffer Holdings, Label Art, Label Art Developments and James Crean Print and Packaging services.
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