Phoenix Group Acquires Certain Assets of All Out, Opens Midwest Facility
PHILADELPHIA—Oct. 19, 2011—The Phoenix Group announced the opening of a new Midwest facility, based in the Greater Chicago metro area. The newest member of the group (#68 with $55 million in sales on the 2010 Printing Impressions 400 list) will be doing business as Phoenix-Veterans Print.
In connection with the opening, Phoenix has acquired the operating assets of All Out (Woodridge, IL) and hired several of its top executives to manage the new business. James J. Capuano, a decorated Marine Corps combat disabled veteran, will serve as CEO and president of the new venture. His son, James B. Capuano, will serve as executive vice-president of sales. Phoenix Group Chairman Barry Green will also serve as chairman of Phoenix-Veterans Print.
Commenting on the acquisition, Green stated, “We are very excited to be expanding our services to the Chicago area in the form of large-format presses with UV printing and UV coating. The addition of the talents of Jim and J.B. positions us to duplicate in the Midwest the success we’ve enjoyed on the East Coast. Combining the operational and sales talents of the Capuanos with the financial resources and wide-ranging capabilities of the Phoenix Group will allow our new operation to continue to exceed customer expectations.”
The new Chicago operation will boast the availability of two 56" KBA Rapidas presses, including a six-color plus UV machine that is capable of printing on substrates from 50-lb. uncoated to 48-pt. board and plastic. It also has as a KBA Genius 52 UV waterless offset press.
[In a profile of All Out that appeared in the January 2010 edition of Printing Impressions, J.B. Capuano said he was optimistic about growth opportunities for his company and he envisioned All Out generating $30 million in sales.]
About The Phoenix Group
The Phoenix Group is headquartered in Philadelphia, PA with facilities in Philadelphia, New York, New Jersey and now, Chicago.