Fannon Fine Printing Joins Forces with Mount Royal
BALTIMORE—Mount Royal Printing has merged with Fannon Fine Printing, based in Alexandria, VA. Daniel Fannon, CEO of Fannon Fine Printing, will lead the sales effort and become a senior staff person at Mount Royal.
Mount Royal is a third-generation, owner-operated commercial printing company serving the Baltimore-Washington area. Mount Royal acquired Jarboe Printing in 2009.
“We are utilizing strategic acquisitions to expand into different markets to strengthen our company’s position,” noted Gary Cayce, president and owner of Mount Royal. “The acquisitions have provided Mount Royal with the growth that we’ve been looking for… In the transaction with Fannon Fine Printing, we will be gaining a company with deep roots in the Virginia market. We will be able to offer greater capacities to its customers, which should be a win-win for all.”
NAPL, serving as Mount Royal’s strategic M&A advisor, counseled on the transaction price and structure, and prepared the letter of intent for the transaction.