Graphics of the Americas--Flourishing In Florida
One Hot Show
With 85° degree, sunny weather outside during the entire exhibition, the action on the 502,000-square-foot show floor was even hotter with some 1,600 booths for attendees to visit. "Forty percent of the attendees are from Latin America, Mexico and the Caribbean," notes Mike Streibig, PAF president, "the fastest growing print markets in the world." Visitors also came from as far away as Europe and the Far East, as well as from the U.S. and Canada. Aside from the geographic diversity of visitors, exhibitors included 41 international companies representing 13 countries and four continents.
The opening day ended with the 18th annual GALA Hall of Fame awards banquet. This year's honorees included Joe Arriola, the first Cuban-American and the second Floridian to receive the coveted Eagle Trophy. Just prior to the show, Arriola had announced the sale of his company, Avanti/Case-Hoyt, to St. Ives plc for a reported $42 million.
During his acceptance speech, Arriola told the record-breaking audience of more than 400 people that he intended to spend time helping his five children with some of his other business ventures.
In addition, Arriola received a special Lifetime Achievement Award from Printing Impressions—one of the sponsors of the GALA awards banquet—for his dedication to the industry, numerous charitable acts over the years (especially following the devastation of Hurricane Andrew in 1992), involvement in civic affairs and in recognition of his business acumen in building Avanti/Case-Hoyt into the largest minority-owned printing company in America.
Avanti/Case-Hoyt operates from two manufacturing facilities based in Miami and Rochester, NY. It specializes in brochures and catalogs for the retail, cruise line, commercial and automotive markets, as well as in annual reports.
New York-based Berenson Minella & Co. acted as a financial advisor to Avanti/Case-Hoyt during the sale of the company.
Avanti/Case-Hoyt will become part of St. Ives' U.S. Division, joining existing commercial printing facilities in Hollywood, FL, and Cleveland, which serve the publication, catalog and commercial markets. With expected annualized sales of $230 million, the division is headed by Wayne Angstrom, president and CEO. Gene Martinez will continue as president and Robert Walters as COO at Avanti/Case-Hoyt.