Nosco Announces Acquisition of Insert, Outsert Manufacturer Gooding Company
GURNEE, Ill. - October 27, 2017 - Nosco Inc., a subsidiary of Holden Industries, has announced that it has acquired Gooding Company, a New York-based insert and outsert manufacturer with over 141 years of printing experience. Through the acquisition of Gooding, Nosco will add an additional manufacturing facility on the East Coast that will help reduce lead times, lower packaging costs and provide an expanded portfolio of folded literature.
Gooding was established in 1876 in Lockport, N.Y. In 1990, the company was sold to current president, Jerry Hace. Under Hace's leadership, the company began focusing on enclosures for the medical and pharmaceutical industries, in addition to other markets.
"Over the years, Jerry Hace built a great team at Gooding that behaves very consistently with the employee-owned culture at Nosco," says Russ Haraf, Nosco president. "Gooding is a great company that will complement our On-Demand Solutions Center in Philadelphia very well - offering a full line of healthcare printed packaging solutions with best-in-class cycle times for the eastern portion of the U.S."
Like Nosco, Gooding is focused on innovation, and has invested in specialized technology and new facilities to increase its capabilities in insert and outsert printing. Through the acquisition, Nosco will be able to better serve its customer base with folded literature, while supporting Gooding customers with labels and cartons.
"The future of the printed packaging industry in healthcare demands an extensive product assortment and redundancy in operations," notes Hace. "It became clear that the best strategy for growth required combining capabilities with a strategically, like-minded company. Nosco has invested in advanced digital technology that we can offer to our valued clients, in addition to our specialty - MicroFolders. We are excited to team up with Nosco to expand our offering and to be part of a company that is 100% employee owned. We know that both Gooding and Nosco will be better together."
This most recent acquisition demonstrates Nosco's continued focus on growth in the healthcare segment, helping deliver on its mission of making each customer's packaging successful, every day.
Peter Schaefer of New Direction Partners served as an advisor to Gooding as part of this transaction.
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.