St. Ives Closes on Avanti/Case-Hoyt Deal
"The merging of these two companies increases our combined ability to better service our customers from multiple technological state-of-the-art manufacturing facilities," Angstrom says.
Joe Arriola, chairman of Avanti/Case-Hoyt, will continue to assist the U.S. Division and Gene Martinez will continue as president of the company. Also retaining posts are Jeanne M. Caruana (CFO, U.S. Division) and Robert Walters (COO, Avanti/Case-Hoyt).
The deal represents the second major U.S. acquisition for St. Ives plc in the last six months. Burrups Packard of Philadelphia, the U.S.-based financial printing unit of St. Ives and Burrups Ltd.—Europe's largest printing group—acquired the key assets of Global Financial Press last September.