August Faller and Perigord announce joint venture
Global Life Science artwork solutions provider Perigord and the August Faller Group announce entering a joint venture, with Perigord acquiring a majority stake in August Faller Artwork Solutions (AFAS) GmbH.
Perigord – headquartered in Dublin, Ireland – is the market leader in providing labelling and artwork management services to the Life Science Industry. This joint venture complements and enhances both Perigord and AFAS’s overall market offerings. The companies’ joint product portfolio of packaging and labelling artwork management services, outsourced solutions and dedicated digital applications has been designed specifically to deliver greater customer value and increased speed to market for clients.
Both Perigord and Faller had been looking to expand in the DACH region for some time but had been waiting for the right opportunity to arise. The cultural and quality alignment of Perigord and Faller has been key in achieving this goal. Alan Leamy, CEO, Perigord: “We had been looking to expand our European footprint to further support our global client base. With sites already in the US, Ireland and Asia the acquisition of AFAS and the partnership with the Faller Group gives us a central European base that greatly enhances our ability to offer local market support to our clients. Additionally, and importantly, it provides us with a platform to grow our business and market share in the DACH region, a major hub for large European Life Science companies.”
Dr. Daniel Keesman, Managing Director, August Faller Group: “The Faller management and shareholders are excited to be entering this joint venture with Perigord. We believe the management expertise, domain knowledge and digital technology Perigord bring to AFAS will be major drivers in the continued growth of the business. Faller are delighted to remain as shareholders and to be part of the continued success of AFAS.”
(Source: press release August Faller)