Crabar/Witt Acquires GBF
DAYTON, OH—Crabar/Witt, based here, has purchased the assets of GBF Graphics, Skokie, IL, along with GBF's Arrow Business Forms & Labels, Emergency Forms & Graphics and GenForms & Labels. Crabar/Witt is a leading supplier to distributors for printed products, which include custom cut sheets, 50˝ jumbo rolls, continuous forms and snap-out forms. Crabar/Witt manufactures short-, medium- and long-run order sizes.
The acquisition will allow Crabar/Witt to provide direct mail, integrated labels, variable data, digital on-demand printing and a varied combination of complex forms solutions. As a result of the acquisition, Crabar/Witt will add $50 million in revenues, giving Crabar/Witt the ability to serve its customers nationwide.
"Our customers are asking us to give them new products and services," says Roger Brown, president of Crabar/Witt. "Now we can. This is what separates our company from the majority of other forms manufacturers selling to the trade."
GBF Graphics does a reported $61.7 million in sales, has 370 employees and six locations. Crabar/Witt does an estimated $32 million in sales, has 205 employees and four locations. The GBF operations will add four production facilities—Cerritos, CA; Medfield, MA; Princeton, IL; and Skokie, IL—to the current Crabar/ Witt group, which include locations in Bellville, TX; Edison, NJ; El Dorado Springs, MO; and Leipsic, OH.
All operations will continue under the company name of Crabar/Witt, according to Brown. The biggest change, Brown emphasizes, is the competition direct manufacturers will experience as a result of this acquisition. "We will supply our trade partners with a very strong case to sell to any one of [a major's] customers nationwide," says Brown.
Dick Kuntz, president of GBF Graphics, will remain active as a consultant to the new company. He will be involved in planning new products, maintaining customer contacts and contributing at trade shows. He has signed a five-year contract with the company.