Insight acquires Caldron’s HP Latex business
Insight Print Communications continues its strategic expansion through targeted acquisitions. Following the acquisition of Trisita Marketing’s business last year, the company has now announced the acquisition of Caldron’s sign and display division. This acquisition solidifies Insight’s position in the market, particularly in the sale and support of the HP Latex range of wide-format printers.
12 Jul 2023 | By Rahul Kumar
Insight Print Communications and Caldron have established themselves as the premier channel partners of HP for the latex range of wide-format printing solutions over the past 15 years.
With a market-leading position, HP Latex has become synonymous with green printing solutions in India, boasting an impressive installation base of approximately 2,800 machines across the country.
Ajay Aggarwal, MD and CEO of Insight Print Communications, said, “This strategic decision will enable us to redirect our efforts toward enhancing the value we bring to our customers. Insight has been on a high growth trajectory since the pandemic, and we have plans to grow both organically as well as through inorganic means.”
He added, “Insight incorporated its vision to 'help the print industry transition to digital after diluting our stake in the Komori range of analogue offset press sales business."
Rajat Mitra, proprietor of Caldron Graphics, added, "Caldron is embarking on developing solutions that are made in India. The distribution business was not in line with our future plans. We, therefore, decided to sell the HP Latex division and will be using the proceeds from this sale to invest in the state-of-the-art factory that is being built."
Insight is driven by a strong vision of promoting sustainable and digital printing technology across India. Adhish Aggarwal of Insight explained, “Our unwavering commitment lies in helping Indian print service providers reduce their environmental footprints. In line with this vision, we have also introduced a revolutionary digital book printing solution to our portfolio. This groundbreaking addition is poised to revolutionise the landscape of book printing in India.”
Insight Print Communications is known for its comprehensive one-stop solutions, catering to a wide array of print verticals. From sign and display to digital textile printing, digital embellishment, and finishing, Insight offers a broad range of world-class products to meet diverse printing and finishing requirements. With their extensive capabilities and expertise, they provide customers with a seamless and integrated experience, ensuring that all their printing and finishing needs are met under one roof.