Printful Overview
Printful, founded in 2013 in California by Lauris Liberts and Davis Siksnans, is an on-demand printing and fulfillment company. It operates globally with fulfillment centers across North America, Europe, and other regions. The company provides services like printing, packaging, and shipping custom products such as clothing, accessories, and home items directly to consumers on behalf of online businesses. Printful achieved unicorn status in 2021 with a valuation exceeding $1 billion following a $130 million investment from Bregal Sagemount.
Printify Overview
Printify was established in 2015 and offers a platform that connects e-commerce businesses with a network of over 85 third-party printing partners across 117 locations worldwide. This allows sellers to produce and sell customized products without maintaining inventory or upfront costs.
Merger Details
In November 2024, Printful and Printify announced their merger. This strategic move aims to leverage the strengths of both companies: Printful’s in-house production capabilities and Printify’s extensive network of production partners.
The merger is expected to enhance service offerings, provide better pricing, and expand the scale of operations for customers globally. Despite the merger, both companies will continue to operate under their respective brand names for the foreseeable future.
This merger highlights a significant trend in the print-on-demand industry where consolidation is used as a strategy to enhance competitive advantage and market reach. The combined entity is poised to become one of Latvia’s most prominent technology companies, reflecting both companies’ Latvian roots.
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