And There Is Still More Consolidation
Englewood, CO-based Mail-Well has entered into a definitive agreement to acquire Enterprise Press of New York City. The 84-year-old company offers complete digital prepress and a full-service bindery with its high-quality sheetfed and web commercial printing operation, and had 1998 sales of approximately $23 million.
Mail-Well officials say the purchase gives them a strong presence in the city. Chairman and CEO Gerald Mahoney notes: "The Hort family will continue to run the company...and we intend to capitalize on their [outstanding] reputation and convenient Manhattan location to help accelerate the implementation of our cross-selling and national accounts programs in the New York market."
Houston-based Nationwide Graphics has acquired Copyright Printing of Austin, TX.
Carl Norton, Nationwide chairman and CEO, notes that Copyright uses extremely complex bi-directional systems to provide just-in-time printed products for its clients, and that this new capability will bring Nationwide Graphics "to the cutting edge of today's modern manufacturing and marketing management techniques."
Memphis, TN-based Master Graphics has acquired Thomasson Printing of Carollton, GA. The company was founded in 1897 by J.J. Thomasson, the great-grandfather of Tommy Thomasson, who has served as president since 1991. As a Master Graphics division, Thomasson Printing will retain all current management.
Master Graphics CEO John P. Miller says that with this acquisition, "we will further establish ourselves in the Atlanta printing market, one of the top 10 largest in the United States."
With this purchase, Master Graphics grows to 20 divisions in 14 states with annual revenues of approximately $300 million.
Cunningham Graphics has also completed two acquisitions recently. One is Apollo (UK) Ltd., which operates a state-of-the-art facility in the Canary Wharf section of London. Brian Coles, president of Apollo, will join Peter Furlonge as co-managing director of Cunningham's European operations.
The move complements Cunningham's existing London-based divisions, Roda Print and Goldhawk Reprographics, officials say.