Winnipeg-based FP Canadian Newspapers Ltd. has acquired Derksen Printers Ltd. and its weekly newspaper The Carillon, located 65 kilometres away in Steinbach, Manitoba. Derksen Printers was founded in 1936 and today produces both commercial web and sheetfed printing.
“This is an excellent addition for FPLP and we’re very excited about the future prospects of both the commercial printing business and the award-winning weekly newspaper,” said Ron Stern, CEO of FP. “The south-eastern region of Manitoba is the fastest growing area of the province, and the Derksen family has built a business that plays a key role in supporting the commerce and continued growth of this region.”
In its most recent fiscal year, Derksen Printers generated combined printing and publishing revenues of $5 million, while employing approximately 50 people in its 26,500-square-foot facility. The Carillon newspaper has a weekly circulation of 8,000.
“We believe there’s a solid business base, and a motivated group of employees who we look forward to working with to grow the business in this very important part of the province,” said Dan Koshowski, CFO of FP.
FP Newspapers Inc. holds 49 percent of FP Canadian Newspapers Ltd., which owns the Winnipeg Free Press, Brandon Sun, and the Canstar Community News division that controls eight community newspapers in the Winnipeg region.
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