Worth Higgins & Associates Acquires Stern's Printing and Engraving
RICHMOND, Va. — June 5, 2017 — Employee-owned Worth Higgins & Associates, one of Virginia’s largest sheetfed commercial printing firms, today announced the acquisition of Stern’s Printing and Engraving Company.
Effective June 1, 2017, the acquisition will add four employees to the Worth Higgins & Associates payroll and is calculated to generate an additional $2 million in annual sales.
“The acquisition of Stern’s is a perfect fit for Worth Higgins & Associates. Since 1970, the foundation of our business has been built on doing business with integrity. The culture of Stern’s exemplifies integrity, and they will fit in very well with our team,” says Rick LaReau, chairman and CEO of Worth Higgins & Associates.
Ben Harper, president of Stern’s adds, “Stern’s has earned a reputation for quality through our attention to detail and strict control of the production process. We have long admired Worth Higgins & Associates because of the company’s strong reputation for quality, service and product innovation. We are excited about this new partnership and the additional services it will bring to our client base.”
Benny Bowman, president and COO of Worth Higgins & Associates, is excited about the acquisition and future growth of Stern’s, and comments, "By taking advantage of Worth Higgins & Associates arsenal of equipment, additional service offerings, and buying power, Stern’s will be able to grow their business. Worth Higgins & Associates remains committed to investing in cutting-edge technology and acquiring companies who share our core philosophies, this will ensure the future of the company for our 165 employee-owners.”
Stern’s will operate as a standalone division of Worth Higgins & Associates making for a smooth transition for its customer base.
Worth Higgins & Associates served as the beta test site for the Komori Impremia IS29 UV sheetfed inkjet press with LED curing that was installed last year. Read here to learn about the Komori Impremia IS29 and the celebration that was had to mark the new edition and what it can do.