LBS Acquires FIM Headbands
LBS, a manufacturer and distributor of materials for the production of books and luxury packaging, announced today that is has acquired the assets of FIM Headbands, South Hackensack, NJ. The transaction was completed at the close of business on Friday, December 17, 2021.
“As with the acquisition of Gane Brothers earlier this year, the acquisition of FIM Headbands is a great fit for LBS and our customers as part of our strategic plan to be the logical source for all bookbinding materials,” said Rob Mauritz, President & CEO, LBS. “Bringing FIM’s line of high-quality, US-manufactured headbands into the LBS family of products makes good sense and solidifies our commitment to what is a very healthy book market.”
LBS will merge operations at its Des Moines, Iowa, facilities. The company does not expect to add any staff to accommodate the additional business, utilizing existing staff and processes already in place.
“As we already work with so many of FIM’s customers, we are in a good position to make the transition as seamless as possible,” said Joe Dunham, Senior Vice President, LBS Sales. “We understand the complexities of these types of transactions and are very conscious of making it as easy as possible for our customers.”
“As I mentioned to a reporter from the Des Moines Register, during an interview regarding our company’s 100th anniversary, we are very bullish about the future of the book and our place in the book and luxury packaging markets,” said Mauritz. “We are already looking at what we can do next to continue our growth in both markets.”
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of Printing Impressions.