Transcon Sells Rastar Assets to Sun Litho
MONTREAL—TC Transcontinental Printing, a division of TC Transcontinental, announced that it is selling the assets of Rastar, based in Salt Lake City, a subsidiary which specializes in personalized print products. Rastar will be acquired by Digibell Inc., a wholly-owned subsidiary of Salt Lake City-based Sun Litho. New Direction Partners represented TC Transcontinental in the transaction.
"The decision to dispose of Rastar’s assets is consistent with our strategy to focus on our commercial printing operations in Canada," said Brian Reid, president of TC Transcontinental Printing. "We are certain that Rastar’s customers will continue to be well served by the new owner and we thank them for their support over the past several years. We also thank all our employees for their dedication and support over the past several years and wish them every success in the future."
Jeff Isbell, president and CEO of Sun Litho, also added: "Rastar is an exceptional fit with our operation. Sun Litho has been one of the premier commercial printers and packaging companies in the region while Rastar is one of the very best digital print companies in the country. This move will allow us to offer a full range of solutions to our customers."