CEWE Stiftung & Co. KGaA (ETR:CWC) said it is moving to sharpen its focus on its core photofinishing business after signing an agreement to sell its Commercial Online Print segment to Cimpress, the owner of Vistaprint.
Chief Executive Officer Thomas Mehls said the transaction, announced shortly before the company’s first-quarter earnings call, represents a major strategic shift for CEWE. The segment includes the SAXOPRINT, viaprinto and LASERLINE brands, which provide business cards, brochures, flyers and other promotional printing products.
