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July 3, 1990

DOMINO PRINTING SCIENCES BUYS MAJORITY STAKE IN SA ALAIN YOUNG

By CBR Staff Writer

Domino Printing Sciences Plc has bought a majority stake in SA Alain Young and acquired the whole of SCI du Bel Air for the equivalent of UKP200,000: Alain Young is Domino’s exclusive ink-jet printer distributor in France, while Bel Air’s sole business is its ownership of premises leased to Young in Ranbouillet, near Paris; initially, Domino will acquire 76% of Young by paying UKP530,000, with UKP350,000 payable in a year, and a further UKP1.1m to be paid on the fifth anniversary of the sale after July 1995, Domino can buy the rest of Young by exercising a call option; Bel Air will cost UKP70,000; last year the two companies made a pre-tax profit of UKP470,000 on turnover of UKP860,000.

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