Coming on the heels of their decision to offload MPS, this suggests that Macmillan are very keen to concentrate on publishing, at least in India. It’s funny though, it’s almost as if they were tidying up their look for something.
The acquisition, which includes MPIL’s printing operations in Chennai, with a deliverable capacity of about 6 million books annually, would strengthen Repro’s foothold in the South Indian market.
Commenting on the deal, MPIL Managing Director Rajiv Beri said: “Printing is not our core activity and we would like to focus on publishing growth. This is a strategic decision which will further consolidate our investments and energies in development and delivery of quality, need-based content.”