First Model Printing House

History

2023: Denis Izbrecht bought the First Model Printing House

On July 10, 2023, it became known that the Federal Agency for State Property Management (Rosimushchestvo) sold one of the oldest printing enterprises in Russia - the First Exemplary Printing House. The buyer was businessman Denis Izbrecht, a former co-owner of the TSUM building, and the deal amounted to 4.93 billion rubles.

According to the Vedomosti newspaper, Izbrecht became the winner of the auction organized by the Federal Property Management Agency for the sale of 100% of the shares of First Exemplary Printing House JSC. The starting price was 2.99 billion rubles, but during the auction the amount increased by more than one and a half times. Under the terms of the contract, the new owner of the enterprise will have to fulfill a number of requirements for maintaining the printing profile of the company within five years from the date of transfer of ownership of the asset to it. In addition, Izbrecht will have to invest 1.5 billion rubles in the production of printing products.

"The first exemplary printing house" was bought by Denis Izbrecht

The First Exemplary Printing House, founded in 1876, owns approximately 330 thousand square meters of production, warehouse and administrative space in the Moscow Region, St. Petersburg, Tula, Ulyanovsk, Kirov and Chekhov. In addition, the company owns 44 thousand square meters of offices in Moscow, in buildings on Pyatnitskaya Street and on Sushchevsky Val. The new owner intends to improve these facilities and carry out repair work. Part of the space will then be rented out. No new construction is planned under the project.

According to the Russian Book Chamber (RCP), in 2022 the total circulation of non-periodic publications of the Moscow "First Model Printing House" and three branches of the society - in Ulyanovsk, Kirov, Chekhov - amounted to almost 77.8 million copies. Data on the circulation of another branch of the company - Nizhpoligraph - are not available in the statistics of the RCP.^[1]

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