Multi Packaging Solutions/Chesapeake Acquires Integrated Printing Solutions, Jet Lithocolor
NEW YORK, NY—April 4, 2014—Multi Packaging Solutions/Chesapeake (MPS/CSK), a leader in print and packaging for the branded consumer, healthcare, and multi-media markets, has acquired Integrated Printing Solutions (IPS) and Jet Lithocolor (Jet) to create a comprehensive end-to-end solution for the credit, debit, gift, loyalty, and insurance card markets.
The acquisitions solidify the company’s market position by adding a full complement of card production capabilities to its existing creative services, decorative technologies, and sustainable solutions. These capabilities include laminated card production, imaging, affixing, direct mail and fulfillment.
Furthermore, the acquisitions provide MPS/CSK with a fully integrated supply chain for cards, carriers, multi-packs, and point-of-purchase displays in a range of materials, with turnkey resources for design, production, and distribution for open- and closed-loop card programs.
"The addition of IPS and Jet greatly benefits our customers and significantly enhances our ability to provide unique solutions with an aggregate of products, technologies, and services," commented Marc Shore, CEO of MPS/CSK. "As leaders in the transaction card market, both organizations exhibit the talents and expertise to perfectly complement our innovative and quality-driven team."
Sev Spagnolie, CEO of IPS, also added: "We are thrilled about what this next phase of our growth means for our joint customers around the world. The exponential value that we can now bring to our clients as one optimized organization allows us to apply our combined investments in technology and know-how to deliver the industry’s most innovative card program solutions. We are eager to embark on this exciting future to create remarkable user experiences and results, as passionate stewards of our clients’ brands.”
Jeff Norby, president and CEO of Jet, also commented: "We are extremely excited for Jet to join the family at MPS/CSK. With the combination of our three companies, the future is very bright for all involved, most notably our clients. Our vast capabilities and international presence will fuel the evolution and expansion of our offerings to deliver incredible solutions, as we are now well positioned to innovate and create as the needs and technologies in card programs advance."
About Multi Packaging Solutions/Chesapeake
Multi Packaging Solutions/Chesapeake is a leading global provider of value-added packaging solutions to a diverse customer base across the healthcare, branded consumer, and multi-media end markets. MPS/CSK provides customers with an extensive array of print-based specialty packaging, including premium folding cartons, labels and inserts/leaflets across a variety of substrates and finishes. The company has 51 manufacturing locations in the United States and Europe and employs over 7,200 people. MPS/CSK is a portfolio company of Carlyle Group and of Madison Dearborn Partners.
Jet brings over 65 years of print expertise to market, and specializes in card related programs using its innovative and sustainable practices. Through applied technologies, Jet engineers, manufactures, and delivers the best in end-to-end solutions for gift, loyalty, membership, and other card programs. With headquarters and operations in the suburbs of Chicago, Jet is well positioned to support its national client base.
About Integrated Printing Solutions
Based just south of Denver, Integrated Printing Solutions is a premier producer and innovator of card solutions and strategies for some of the world’s most influential companies. IPS is certified by Visa, MasterCard, and American Express to receive, store and personalize all of its branded products. It delivers creative design and manufacturing for cards and packaging, on-demand card printing, personalization, fulfillment, secure warehousing and distribution, data management, and direct mail solutions for the retail, healthcare, prepaid card, financial and advertising industries.
Source: Multi Packaging Solutions/Chesapeake.