Printful merger news – Printful and Printify Announce Merger for Accelerated Growth in the Global Market
Nov 6, 2024 | By Kailee Rainse
Printful and Printify Announce Merger to Accelerate Growth and Expand Opportunities for eCommerce Entrepreneurs.
Printful and Printify, two leading platforms that help customers create and grow online businesses through on-demand production, have announced they are merging.
This merger will create new opportunities for both companies to grow faster and offer millions of customers more ways to build their online businesses worldwide. Both companies will continue to operate under their separate brands, helping to strengthen Riga’s position as a key hub for tech innovation and investment.
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With support from their investors and regulatory approval, the two companies will combine their technology and resources to offer a broader selection of products, reach more countries, and improve fulfillment services for customers ranging from individual entrepreneurs to large global businesses. Both Printful and Printify will continue to operate as distinct brands, and users can expect new products and features soon.
What the CEOs Are Saying:
Alex Saltonstall, CEO of Printful said, "This is an exciting moment for everyone. Printify is a business that we have long respected and I believe that there is a natural fit between the two companies. As our discussions progressed, we found that our cultures are very similar, while our businesses are even more complementary than we initially believed. I’m excited to see our two great technology companies combine strengths and provide our customers with ever improving opportunities to fulfill their business goals,".
Anastasija Oļeiņika, CEO of Printify said, "Our combined company will give our merchants more. More top-quality products, more places to sell, more innovative solutions, and more growth and profit. We’re also going to be able to provide best in class learning, talent density, and development opportunities for our teams. In recent years, the Latvian tech and entrepreneurial scene has caught up with our neighbors in the Baltics and Eastern Europe. This merger will not only help to crystallize that position but also give us the platform to be a destination for top talent from around Europe and the world,".
A Boost for Latvia’s Tech Scene:
The merged company will become one of Latvia’s largest tech firms, contributing to the local economy and raising Riga’s profile as a center for innovation and investment. The merger is a natural step in the growth of both companies, say their founders.
Lauris Liberts, co-founder and Chairman of Printful, states, " Printful has been on an exciting journey for over ten years now and it’s fantastic to be moving to the next stage of our journey through a merger with Printify. Bringing together these two innovative technology and production-on-demand businesses will place us at the forefront of the country's thriving technology sector and unlock huge growth potential for our company and the region."
Jānis Berdigans, Founder and Executive Chairman of Printify said, "We have always been focused on driving Printify towards its full potential, and Printful is the perfect partner to allow us to achieve that. It is clear that our businesses are hugely complementary and that this merger will ensure we are in the best possible position to serve our customers, enhance our offering, and grow further in new markets,".
About Printful
Printful is a technology company that helps e-commerce businesses of all sizes use on-demand production and fulfillment solutions to turn their ideas into products. Founded in 2013 Printful pioneered the on-demand production model serving small and medium-sized businesses.
About Printify
Printify is a platform that enables anyone anywhere to sell custom products with no upfront costs. Founded in 2015, Printify helps entrepreneurs and small businesses create and sell custom products, giving them the tools to achieve financial independence and bring their ideas to life.