Struggling digital printer maker Landa Digital sold for $80 million

GaryPageau
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CalisTech is reporting debt-laden digital printer manufacturer Landa Digital has found a buyer. As previously reported, the company, known for its nanoprinting platform and founded by Indigo pioneer Benny Landa, sought new financing following disappointing sales after drupa. According to the report, Israel’s Central District Court approved a debt restructuring plan where private equity firm FIMI will acquire the company and invest $80 million into its operations. Following the acquisition, FIMI will own 100% of Landa and will continue to employ most of its workforce. The company sought court protection in July, citing $460 million in debt.

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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.