Colorfx Expands Geographic Reach by Acquiring Demco PrintingMarch 14, 2012
DES MOINES, IA—March 14, 2012—Colorfx is pleased to announce the acquisition of Demco Printing, based in Boyden, IA, from Dethmers Manufacturing. Demco offers top-quality digital, sheetfed, and web printing, along with complete finishing services. With more than 30 years of experience and state-of-the-art technology, the companhy will further expand the geographic reach and service capabilities of Colorfx and its sister company Rock Communications.
“We are excited to partner with Demco and their customers to provide comprehensive communications solutions. The addition of its Boyden plant will enhance our geographic reach, and expand our already robust manufacturing capabilities. Further, Demco customers will now have access to a more complete set of marketing services such as design, photography, mail presorting and processing, as well as social and digital media marketing” said Jon Troen, president of Rock Communications and Colorfx.
Dethmers Manufacturing President Bob Koerselman says, “For most of us, we’ve known Demco Printing to be an integral part of Demco for many years, as well as this staff being members of the 'Demco Family.' As some of us 'long termers' have known, printing started out as nothing more than a single AB Dick press, today, you now are part of a very successful, vibrant and diverse full scale print shop.
"The family ownership group and management have always realized that to keep printing on the leading edge, continued investment in both capital and quality staff are needed to achieve future growth. We believe Colorfx provides Demco Printing this growth resource. Dethmers will continue with growing the Demco branded manufacturing business.”
Demco Printing General Manager, Mark Nilles says, “This partnership will make us a stronger company for our customers and employees by adding capabilities and capacities.”
Colorfx and Rock Communications are national providers of print and multichannel marketing solutions. Combined annual sales of the merged organizations will be approximately $85 million, with approximately 500 employees operating in five facilities throughout Iowa. Colorfx, Rock Communications and now Demco Printing specialize in building innovative solutions to customers most challenging and demanding marketing programs.
BCC Advisers, a Des Moines, IA-based investment banking firm identified the acquisition opportunity and advised the buyer on this transaction. Steve Jacobs, President, indicated, “this represents an opportunity for both Dethmers Manufacturing and Colorfx to achieve their corporate objectives and keep an excellent printing operation and employment in Boyden, IA."