IBS Direct Acquires Assets of Imtek to Expand Direct Marketing Business
KING OF PRUSSIA, PA—March 20, 2012—Ted Sherwin, president, and George Schnyder, owner and CEO, of IBS Direct announced that the company has purchased substantially all the assets of Imtek LLC. http://www.imtek.com/
IBS Direct offers high-quality printing solutions, direct marketing program management and new marketing technologies to effectively implement and measure its customers’ campaigns. Imtek, located in Bridgeport, NJ, provides direct marketing, printing, fulfillment and location intelligence services to clients in the retail, automotive, financial services, travel, catalog, education, publishing and healthcare industries.
The acquisition of Imtek is IBS Direct’s second acquisition in four months, having acquired Mars Graphic Services in November 2011. With this most recent acquisition, IBS Direct has grown from 44 to 120 employees and increased its revenue approximately 110 percent from mid-year 2011. Upon completion, the integration of both acquisitions in IBS Direct’s King of Prussia facility will increase the firm’s capabilities to include three additional Harris heatset presses, a full bindery and a fulfillment operation.
“We are extremely proud of the work being done at Imtek and are fortunate to have these employees join the IBS Direct family,” said Schnyder. “Imtek is a quality company with some very strong customer relationships. We aim to add value to those customers through our innovative processes.”
Commenting on the sale, Aaron Hollander, president of Imtek, said, “I care a great deal about my employees, so when setting out to sell this business it was important to find the right fit. That clearly was the case with the people and the organization at IBS Direct. I feel confident that I have found the right home for both Imtek’s clients and employees.”
All Imtek employees have been offered positions with IBS Direct in King of Prussia. Ted Sherwin, who was named president of IBS Direct in May 2011, will oversee the consolidation.
IBS Direct is also proud to announce increased capabilities that include an eight-color Sanden press to complement its five high-speed color forms presses as well as the significant upgrade of its prepress operation with the addition of a state-of-the-art, full-service prepress and platemaking system by Fujifilm.
About IBS Direct
IBS Direct is an industry leader in implementing high-quality direct marketing campaigns with ease. Over thepast forty years, IBS Direct has evolved to offer exceptional printing and program management, along with a dedication to provide cutting edge technology solutions. Headquartered in King of Prussia, PA, the company works with a number of industries across the United States.