Exacompta-Clairefontaine, the leading producer of notebooks, paper and stationery, acquires Photoweb, the leading French online photo service.
Founded in 1999, Photoweb is a leading online photo service in France, providing its clients with a highly diversified product suite including photo prints, photobooks and customized objects (mugs, t-shirts, etc.). Since inception, the company has delivered an outstanding track record of continued growth (last 10 year CAGR of ~50%) and margin expansion, demonstrating management ability to adapt, innovate and execute on its strategy. Photoweb’s underlying market is huge and growing, driven by the secular shift to online consumption and the trend towards consumer self-expression and attraction to customized products. The transaction will enable Photoweb to accelerate its development plan in France and abroad, notably benefiting from Exacompta-Clairefontaine’s extensive international network.
