Finishing supplier GBC said there would be no staffing changes and that its new parent will bring a greater level of support.

Raj Dang, GBC’s general manager for print finishing, said Neopost had paid “top dollar” to buy the dealer from previous owner Acco because of the value it saw in the company.

“Neopost is financially very strong and they have paid top dollar to acquire our company; they are very keen to help us grow and pump new resources into the company,” he said.

Dang added that support would come in the form of back-end services including new computer and CRM systems.

The deal, which was finalised on 14 June, will add an extra €20m ($27m) to Neopost’s 2011 sales.

Denis Thiery, chairman and chief executive officer of Neopost said: “We are very pleased to strengthen our presence in Asia-Pacific.

“Through the acquisition of GBC Australia and the setting up of our regional headquarters, we are taking two important steps in the development of our sales in a fast growing and promising region.”

It’s not the first acquisition activity for GBC this year, which made its own, smaller buyout of NSW-based reseller Fastbind in March.

GBC supplies a range of commercial bindery products, such as machines from Duplo International and Mulitgraf, including the new Eurofold Touchline CF375 revealed at PrintEx11.

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