Presstek to Acquire Analog and Digital Offset Printing Plates Producer Anocoil Corp.
HUDSON, N.H. — March 4, 2016 — Presstek, a leading provider of eco-friendly printing solutions, has announced it has entered into a definitive agreement to acquire the business and operations of Anocoil Corp. The transaction is expected to close at the end of March subject to closing conditions. Anocoil, founded in 1958, is one of North America’s largest independent producers of analog and digital offset printing plates for the newspaper and commercial market segments. Going forward, Presstek and Anocoil will leverage their respective strengths to accelerate the development of new environmentally friendly printing solutions and to provide enhanced services to our valued customers.
David Bujese, Anocoil’s President remarks, “I, along with all of Anocoil’s employees, am thrilled to be partnering with Presstek for the next stage of our Company’s growth. With Presstek we have found a strategic partner committed to being an innovative market leader. Together, Presstek and Anocoil are developing a comprehensive strategic plan to provide our customers with the best products and customer service in the industry.”
Howard Fromson, Anocoil’s founder and chairman comments, “I am so pleased about this transition. It is really exciting to see long term plans develop that utilize the combined resources, technologies, and knowledge in ways that can better meet our customers’ business requirements.”
Sparsh Bhargava, Presstek’s CEO, adds, “We are excited about bringing the two companies together as we expand our product offerings and capabilities." Bhargava continues, “Both Presstek and Anocoil have extremely talented employees and a long history of innovation. We look forward to working with the Anocoil team to build long term value for all of our stakeholders.”
About Anocoil
Founded in 1958, Anocoil is one of North America’s largest independent producers of analog and digital offset printing plates for the newspaper and commercial market segments. Anocoil is the developer of major innovations in the areas of aluminum substrate and coating technology and has a long history of providing dependable products, strong technical sales, support and service from order placement to implementation and customer retention.
About Presstek
Founded in 1987, Presstek provides printing solutions that are eco-friendly and engineered to streamline workflow as well as increase productivity, efficiency, and profits for print providers. Presstek’s core product portfolio includes: four- to six-color DI digital offset presses; thermal and inkjet Computer-to-Plate systems; and printing plates for DI presses and CTP applications (waterless, thermal and inkjet). DI presses and thermal CTP systems are offered as new systems and Certified Pre-Owned. In addition to product offerings, Presstek is a multi-vendor service provider with a global network of expert service technicians supporting pre-press, press and post-press equipment including Presstek brands and other well-known industry brands.
Source: Presstek.
