9 August 2017
Vistaprint sells Album Printer division
AMSTERDAM—
 
 Cimpress the corporate parent of Vistaprint has sold its Albumprinter division that it acquired in 2011 for about $92 million. The Albumprinter division includes  Albelli, Bonusprint, Fotoknudsen and Onskefoto brands. Although Albumprinter fell within Cimpress target market "mass customization " it believes that invested capital can be used better invested else where. 
 
Vistaprint ( Cimpress) reported a $34.7 million loss in it's last quarter in June. Vistaprint is the second largest printer in Canada with sales of about 3/4 of a billion dollars. The plant in Windsor , Ontario currently serves all of North American market.  Vistaprint plans to open a plant in Nevada . 
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