Mark Andy acquires Presstek.

Position:INDUSTRY News
 
FREE EXCERPT

Mark Andy has announced its acquisition of Presstek, a global supplier of DI (direct imaging) offset plates and presses, CTP solutions and world-class service for commercial and inplant customers. With the Presstek acquisition, Mark Andy now serves as one of the only full-complement solutions providers to the global graphic arts and print industry.

Presstek's team of over 60 technical professionals will be integrated within Mark Andy's service infrastructure, making it the largest, regionally-staffed service organization in North America, the company says. Certified technicians will support equipment service for brands such as Presstek, ABDick, Ryobi, Heidelberg, Xerox, K13A, Epson and more.

Mark Andy and Presstek have maintained a strong partnership over the years, with Mark Andy Print Products (MAPP) fulfilling all orders in North America for Presstek DI and CTP products. Integrating Presstek's sales and service teams within MAPP will yield many benefits to Presstek's existing customers, including improved market coverage, extensive parts inventory, enhanced service resources, single point of invoicing and faster response times.

Kevin Wilken, CEO, Mark Andy, comments, "Presstek has been a force in the small and medium format offset segment for many years. Presstek's DI plates and equipment and CTP solutions are well-respected throughout the industry, and I am happy to welcome the Presstek employees and products into the Mark Andy family. We expect Presstek's customers to benefit from Mark Andy's stable leadership, tremendous customer service and unmatched product offerings, including MAPP offset print supplies and consumables and Mark Andy digital print equipment."

Presstek's Zahara waterless plates division, which is not being acquired by Mark Andy, will be spun into a new company, Verico Technology, headed by former Presstek CEO Yuval Dubois. Verico Technology will focus on expanding its market share for cut sheet aluminum waterless plates and coating technologies in the printing industry, as well as venturing into new market segments. "Mark Andy's acquisition of Presstek is a big win for customers from both organizations," notes Dubois. "We are pleased for the long-term benefits that this initiative will bring to the market."

Stuart Gallup, appointed as vice president, Offset Business, Mark Andy, shares, "Today's print buyers are seeking shorter print runs, faster turnaround and no compromises in print quality. Mark Andy has a strong commitment to its customers, supporting them with the best solutions to guide them in a direction for success. It's a privilege to now offer the single point of contact customer experience and streamlined processes that our commercial and in-plant customers have previously enjoyed."

At the leadership level, Gallup will be accompanied by Ian Pollock, director of Presstek EAMER, and Ralph Jenkins, director of MAPP Offset Sales in North America. Gallup, Pollock and Jenkins have a wealth of experience in the printing market, having dedicated their careers to serving offset printers.

Speaking to the announcement, Jenkins comments, "We look forward to continuing to work with our valued customers with the goal of increasing their productivity and profitability. Together with the excellent management team at Mark Andy, we are confident Presstek customers will receive enhanced service. " Pollock also confirmed EAMER customers of both Presstek and MAPP brands will continue to do business as they do today. "There will be no changes in current ordering processes, contact details or distribution logistics. All will remain the same for the EAMER customer base currently transacting with the UK location," states Pollock.

TC TRANSCONTINENTAL TO ACQUIRE COVERIS AMERICAS

* Transcontinental Inc. has announced that it has entered into a definitive agreement to acquire the business of Coveris Americas, a business held by Goveris Holdings S. A. , a portfolio company of Sun Capital Partners, Inc. The purchase price is $1. 32 billion, subject to customary closing adjustments.

Coveris Americas is one of the top 10 converters of flexible packaging and other value-added products in North America based on revenues for its fiscal year ended December 31, 2017. Headquartered in Chicago, IL, Coveris Americas manufactures a variety of flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films, coated substrates and labels.

As of December 31, 2017, Coveris Americas operated 21 production facilities worldwide, namely in the Americas, the United Kingdom and Australasia. Coveris Americas has over 3,100 employees, the majority of whom are located in the Americas. For its fiscal year ended December 31, 2017, Coveris Americas generated $966 million in revenues and $128 million in Adjusted EBITDA.

"Today's announcement marks a turning point in TC Transcontmental's 42-year history. This transaction crystallizes our strategic shift toward flexible packaging and solidifies our commitment to profitable growth," says Isabelle Marcoux, chair of the Board of Transcontinental Inc. "We are convinced that this transformational acquisition will be a driver in the creation of long-term value for all of our stakeholders. It is with pride that we begin the next chapter of our successful journey with Coveris Americas, its employees and customers, building on our values of respect, teamwork, performance and innovation."

"We are thrilled to announce such a game-changing transaction for TC Transcontinental and to bring our vision of becoming a North American leader in flexible packaging to life," says Francois Olivier, president and chief executive officer of TC Transcontinental. "The acquisition of Coveris Americas adds significant depth and scale to our existing platform, with flexible packaging operations now expected to be our largest division in terms of TC Transcontinental's pro forma revenues based on its fiscal year 2017. This transaction complements and bolsters our existing product offering in several flexible packaging end markets, including dairy, pet food and consumer products. Additionally, it allows us to enter new and attractive flexible packaging end markets such as agriculture, beverage and protein. We are looking forward to building on our combined strengths and to continue working with Coveris Americas' loyal customers, many of whom are market leaders. We are also eager to welcome Coveris Americas' talented employees, who will bring their leading-edge expertise to TC Transcontinental."

Craig Reese, chief executive officer of Coveris Americas, says, "Today marks an exciting milestone for Coveris Americas as we join TC Transcontinental, a company that shares our passion for growth through innovation, service and quality."

Marc Leder, co-chief executive officer of Sun Capital Partners, Inc. , whose affiliate owns Coveris Holdings S. A. , adds, "We are extremely proud of our partnership with the management team to grow and improve Coveris Americas, and we are confident that TC Transcontinental is the right home for the business to continue its industry leadership."

GALLUS NOW FULLY INTEGRATED WITH HEIDELBERG USA

* As of April 1, 2018, Gallus is fully integrated with the Heidelberg USA team in order to increase market coverage and efficiency in sales and service.

With this transition, Gallus customers will have access to the entire product and service portfolios of both companies from a single source. Customers will be able to retain their existing sales and service contacts with Gallus and continue to benefit from the specialist's industry expertise, but they will also now have the comprehensive know-how of Heidelberg and one of the industry's largest service networks at their fingertips.

The integration plan will allow Gallus/Heidelberg to strengthen its footprint in the North American label market. Since the Gallus Group was integrated into Heidelberger Druckmaschinen AG in 2014, joint technical developments have already taken place such as the Gallus Labelfire digital label printing machine.

"Gallus has been selling its products in the US for many years," says Christof Naier, head of Business Unit Label. "Now we have the unique opportunity to be stronger in the US market by combining the best of both organizations without losing the Gallus touch."

Heidelberg/Gallus will provide customers with a complete print shop solution, including reliable equipment, parts, service and consumables support. With 24/7 call intake, customers can expect quick reaction time. They will also receive fast technician scheduling due to Heidelberg's established service network and extensive parts availability, as well as timely delivery coordinated by Heidelberg's experienced parts department and local warehousing in the United States.

Heidelberg's performance offerings will also be extended to the Gallus product line, including Performance Services for maximum output, Predictive Monitoring for preventive maintenance and reliable production, and Heidelberg Assistant for customers to conveniently manage their business.

"Customers' requirements for efficiency in all manufacturer and supplier sectors are increasing due to the growing digitization in the print media industry," adds Felix Mueller, president of Heidelberg Americas. "In response to the changes in our industry, this move is a key signal of partnership with our current and new customers in growing profitably in the label market segment. We are very excited to participate in this dynamic market."

AVERY DENNISON ANNOUNCES FIRST QUARTER 2018 RESULTS

* Avery Dennison Corporation has announced preliminary, unaudited results for its first quarter ended March 31, 2018.

"We are off to a good start to the year, with adjusted EPS up 30%, driven by a combination of solid operating results, currency translation tailwinds, and a lower tax rate," says Mitch Butier, president and CEO. "Label and Graphic Materials delivered solid...

To continue reading

FREE SIGN UP