PHOENIX, AZ, Jan. 31, 2013 /PRNewswire/ – A newly-formed affiliate of the
Najafi Companies, Cinram Group Inc., (CGI) has closed on its
acquisition of Cinram’s European operations. Cinram, based in Toronto,
is one of the largest manufacturers and distributor of optical discs
including Blu-ray, DVD and CD. Terms were not disclosed.

Najafi completed its acquisition of Cinram’s North American operations
in late 2012. CGI is a recently created affiliate of Najafi Companies
that will continue to operate under the Cinram name offering innovative
manufacturing, packaging and distribution of movies, music, games and
books.

CEO Jahm Najafi said Cinram complements other current Najafi
entertainment-related investments including Direct Brands, Inc., one of
the largest direct-to-consumer distributors of media products in the
U.S. including music, DVD and book club brands. Najafi also acquired
DirectGroup France, an investment that includes retail, book clubs,
e-books and an online portal for the purchase of books and DVD
products.

Cinram CEO Steve Brown said “the closing of this transaction brings the
significant resources of Cinram Europe into the new company, where it
will benefit from a vastly improved financial position, along with the
experience and expertise of Mr. Najafi and his team. Under the
leadership of Neil Ballantine, this solid foundation will provide our
European management team with an opportunity to grow the business with
renewed confidence.”

About Cinram Group Inc.
Cinram Group Inc. (CGI), a wholly-owned affiliate of Najafi Companies
(Najafi), is one of the world’s largest providers of media development
and delivery services. Located in North America and Europe, the
company has worked with some of the biggest names in home entertainment
and retail. With a full range of supply chain services, which include
optical disc manufacturing (DVD, Blu-ray and CD), packaging,
distribution and business solutions, Cinram guarantees products flow
smoothly and profitably to consumers around the world.

About Najafi Companies
Najafi Companies is an international private investment firm based in
Phoenix, Arizona, with offices in New York, Paris, Toronto and holdings
in sectors including consumer, media, technology, industrial, energy
and real estate across seven countries. The firm makes highly-selective
investments in companies with strong management teams across a variety
of industries, often in areas undergoing rapid technological
transformation. The firm takes a long-term view on its investments and
focuses its efforts to create value through growth and superior
performance. Najafi Companies funds its investments with internally
generated capital, not through a fund. Free from the restrictions of a
fund, the firm is able to move quickly and decisively when investing,
and with no requirements to return capital to outside partners, Najafi
Companies is able to make investments that create maximum value for the
long-term.

SOURCE Cinram Group Inc.