The Standard Group Acquires Whitmore Printing
PARAMUS, NJ—March 8, 2011—The Standard Group (TSG), headquartered in Reading, PA, has acquired Whitmore Printing of Lancaster, PA, a combination that joins two highly respected printing names that have served the central Pennsylvania area for more than a century. Details of the “tuck-in” transaction were not disclosed. The NAPL Mergers & Acquisition Team conducted outreach services on behalf of The Standard Group.
“By using targeted research and leveraging our contacts, we identified potential candidates and initiated confidential communications designed to elicit preliminary interest in a strategic relationship with our client,” said NAPL Senior Vice President John Hyde. “We provided written recommendations on valuing the intangible assets and on structuring the transaction so that our client was able to pay a fair price for gaining a significant customer base from the owners of Whitmore Printing.”
Whitmore Owner Eric Whitmore, a member of the third generation to run the family business since its founding in 1873, will join The Standard Group. The company’s operations will eventually be folded into TSG’s three existing facilities in Lancaster.
“The addition of Whitmore Printing strengthens TSG’s market presence in Pennsylvania as we continue on our path of industry leadership,” said CEO Scott Vaughn. “Whitmore’s customer focus fits perfectly with our vision and its talented staff will join TSG’s exceptional employee team.”
“Throughout our history, we have always prided ourselves on being a highly customer-centric business,” noted Whitmore. “By joining The Standard Group, we will be able to expand the product and service offerings available to our customer base. We made the decision to join TSG because of the values we had in common, our shared belief in always doing the right thing for our customer, no matter how big or small,” he added. “I am excited and invigorated to become part of this industry leading company.”
With $25 million in sales, TSG is a communication and creative content delivery partner that provides integrated communication solutions via new and traditional media. It offers the latest in personalized marketing and digital media communications solutions and mailing and fulfillment services. A nationally recognized leader in cross-media services, it also provides Web-to-print, variable data, and 1:1 marketing technologies for a global client base ranging from small, non-profit organizations to large Fortune 500 companies.
“We are pursuing aggressive growth and are thriving in troubled economic times by understanding our customers’ needs and developing solutions for them,” said Vaughn, citing as an example the value-added services of the company’s nationally recognized cross media department. “By teaming with Whitmore Printing, we will now be able to extend our 21st century communications services to an even more diverse customer base.”
About The Standard Group:
The Standard Group is a communication and creative content delivery partner that combines industry expertise with best-of-class technology to deliver integrated communication solutions via new and traditional media. It has a rich tradition of excellence in the print and communications industries as a result of combining four previously independent companies. Although printing is embedded firmly in its DNA, it is passionately committed to providing the latest in personalized marketing, digital media solutions, and mailing and fulfillment services. Its experience with variable data, Web-to-print, and 1:1 marketing technologies serves a broad client base that ranges from small, non-profit organizations to large Fortune 500 companies. Although it has grown and changed significantly since its founding in 1895, its core values remain the same: to provide award-winning craftsmanship and superior customer service, and to simplify the art of communication for its clients and partners.
About the NAPL Mergers & Acquisitions Team:
NAPL's Mergers & Acquisitions Team offers company executives trusted advisors who can help them build long-term shareholder value through strategic mergers and acquisitions. The Team provides merger advisory services, as well as helping companies with strategic sale of a business, strategic partner assessment/procurement, acquisition of general intangibles, and post-merger integration services. For information, contact NAPL Senior Vice President Tim Fischer at (201) 523-6376 or firstname.lastname@example.org or NAPL Senior Vice President John Hyde at (201) 523-6313 or email@example.com.
NAPL is a not-for-profit business management association representing companies in the $80+ billion commercial printing and graphic communications industry in North America. Its comprehensive slate of business-building solutions gives company leaders the management tools they need to make informed business decisions in an changing market environment. For more information, visit www.napl.org or call (800) 642-6275.
Source: Press release.