Yurchak Printing Acquires Odyssey Press Assets, Equipment
EAST RUTHERFORD, NJ—Nov. 17, 2011—The National Association for Printing Leadership (NAPL) has announced that Yurchak Printing of Landisville, PA, has acquired intangible assets and select equipment of Odyssey Press, Gonic, NH. The transaction will bring together two digital printing companies in different markets and provides economies of scale for purchasing and providing cost-effective and efficient services to their customers. Details of the transaction were not disclosed.
John Yurchak, Jr., CEO of Yurchak Printing, stated, “By combining the two companies we will have an expanded set of services that we can offer to all our customers. Odyssey clients will benefit from the addition of web-fed digital presses and in-house case binding. Yurchak clients will gain access to a full suite of online e-commerce and Web-to-print systems. The combined company will be one of the largest and best equipped digital print providers to the scholarly, technical, medical and academic book and journal marketplace.”
“The transaction demonstrates the commitment of the Yurchak family to grow by strategic acquisition,” added John Hyde, NAPL senior vice president, who heads up NAPL’s M&A advisory practice. Yurchak’s interest in mergers and acquisitions came out of a strategic planning session that was facilitated at NAPL. Hyde and his team then guided Yurchak on exploring the Odyssey opportunity.
Kevin Pirkey, former Partner at Odyssey Press, will become vice president of sales and marketing at Yurchak Printing. Tad Parker, also a former Odyssey Press partner, will be focused on the transition of Odyssey’s production operation and client relationships into the Landisville facility.
According to Parker, “We couldn’t ask for a better fit in terms of company culture, management style, and operational capabilities. Uniting these two companies will create a stronger entity that will continue to provide our customers with the highest quality of personal service.”
With a current workforce of 50 employees, Yurchak Printing anticipates hiring additional staff at the Landisville plant.
About Yurchak Printing
Established in 1998, Yurchak Printing is a short-run digital book manufacturer specializing in loose-leaf, perfect bound, and case bound books. By staying on the cutting edge of print technologies Yurchak continually improves the quality of its products and is constantly expanding and improving its capabilities. It focuses on developing long-term relationships with clients by providing fast, cost-effective solutions to fulfill their business objectives.
About the NAPL Mergers & Acquisitions Team
NAPL’s Mergers & Acquisitions Team offers company executives trusted advisors who help them build long-term shareholder value through strategic mergers and acquisitions. The Team provides merger advisory services, as well as helping companies with the strategic sale of a business, strategic partner assessment/procurement, acquisition of general intangibles, and post-merger integration services. For information, contact NAPL Senior Vice President Tim Fischer at (201) 523-6376 or email@example.com, or NAPL Senior Vice President John Hyde at (201) 523-6313 or firstname.lastname@example.org.