Hooven-Dayton Completes Its Acquisition of Benchmark Graphics
DAYTON, OH—April 18, 2011—Hooven-Dayton Corp. (HDC) announces the completion of its acquisition of Benchmark Graphics of Richmond, IN. HDC’s corporate headquarters will remain in Huber Heights, OH, and the Richmond plant will now operate under the Hooven-Dayton name.
This acquisition marks another milestone in HDC’s growth strategy. In the past three years, HDC has grown by almost 100 percent. It purchased four new presses to meet the demands of the exponential growth, but found it difficult to find skilled press operators.
“We felt Benchmark was a good fit to expand our capabilities, capacity and scale. They bring with them skilled people, presses, products, technologies, and room to expand the operation to second and third shifts. The addition of Benchmark will greatly accelerate our strategic growth initiative, expand our geographic footprint, and allow us to be more comptitive in some markets.” explained Christopher Che, CEO of HDC.
“The combination of HDC and Benchmark brings together two established and respected names in the label printing industry, and provides a powerful opportunity to advance both companies’ strategic priorities. Benchmark’s leadership and employees have done an outstanding job creating a very solid company. HDC is strategically building a larger, stronger, more agile and innovative business with room to grow. The new company will be positioned for improved, consistent, and stable top-line growth and a sustainable value for the short and long term.”
“We are appreciative of our loyal customers, some of whom have been with us from the beginning. I am confident that the level of expertise and experience that HDC brings will compliment and enhance our core services. The integrated resources will provide our customers with unique benefits and an expanded mix of quality and service,” commented John Miller, Benchmark Graphics CEO.
“Our employees should be enormously proud of what we have built, their dedication and the knowledge that they bring to the manufacturing process has enabled us to build a well-positioned, diversified printing company and is the fundamental ingredient to our success. The new combined company will provide our existing employees with opportunities for advancement and create new positions as capacity expands. HDC and Benchmark are highly complementary businesses and together we can become an industry leader.”