It would be presumptuous to say that M&A activity, across the board, has taken a hit. There has been a fair amount of activity near the $5 million to $15 million range, situations where unions have taken place due to the complementary nature of their products and services, while others have forged working relationships in order to cross-sell off each other's platform. But what isn't receiving much attention—or ink—is the phantom tuck-in, simply because many companies just aren't trumpeting asset purchases.
After 78 years of family ownership, Jim Motheral, president of Motheral Printing, announced that his company has been sold to Ovation Graphics. Terms of the deal were not disclosed. Ovation also recently purchased Fort Worth's Branch-Smith Printing and is affiliated with Ussery Printing, of Irving, TX.
FORT WORTH, TX—After 78 years of family ownership, Jim Motheral, president of Motheral Printing, revealed that the company has been sold to Ovation Graphics. Terms of the deal were not disclosed.
After 78 years of family ownership, Jim Motheral, president of Motheral Printing, announced the company has been sold to Ovation Graphics. Rapid changes in technology coupled with the lingering effects of the recession triggered the decision to sell. Terms of the acquisition were not disclosed.
ROCHESTER, NY—Sep. 29—Building on the success of “Connect the Dots” events that began earlier in the year, Kodak is adding new speakers and new features that will extend the value of the event as it travels to new locations in major cities around the United States. Under the theme of “Making the Right Moves in a Challenging Economy,” the events are designed to offer the most up to date knowledge and insight into graphic arts trends. “Connect the Dots” is cosponsored by WhatTheyThink.com and gives attendees the information they need to embrace the opportunities that exist in the market today.
4Over Opening New Facility GLENDALE, CA—Trade printer 4Over will open a new production facility in Dayton, OH. The announcement came during Graph Expo in Chicago. It will be fully operational by year’s end and is expected to cut turnaround times by about 50 percent. Another expected benefit is reduced shipping costs. Motheral Vies for Sprint Press FORT WORTH, TX—Motheral Printing has signed a letter of intent to purchase Sprint Press. The deal is expected to be finalized in the next 60 days. Sprint majority owner Bob Williams is retiring. The acquisition of Sprint Press bolsters Motheral’s sheetfed capacity while also adding diecutting capabilities. All 100 Sprint
FORT WORTH, TX—Motheral Printing has signed a letter of intent to purchase Sprint Press. The deal is expected to be finalized in the next 60 days.Sprint majority owner Bob Williams is retiring.The acquisition of Sprint Press bolsters Motheral’s sheetfed capacity while also adding diecutting capabilities. All 100 Sprint employees will be retained, as will its…
FORT WORTH—Sept. 10, 2007—Motheral Printing has extended a letter of intent to purchase the local Sprint Press, and expects the acquisition to be final in 60 days. “We made the decision to purchase Sprint because the company’s majority owner, Bob Williams, wishes to retire and it is a good fit for our business,” said company president Jim Motheral. Sprint Press is owned by Williams and two partners, Jeff Garrison and James Anderson. The company has been in operation for 39 years. The purchase, which does not include Sprint Denver or Sprint MailDataTech, will enable Motheral to more than double its sheetfed press units
Printers Flock to See Two-Sided Coating DALLAS—Neither heavy rains nor threatening tornadoes could dissuade roughly 75 printers and journalists from visiting Buchanan Visual Communications on April 24 and 25 for Mitsubishi Lithographic Presses’ 2007 National Open House. The violent weather wiped out a planned visit to a Texas Rangers-Seattle Mariners game at Ameriquest Field in Arlington, TX, but the guests were treated to some towering, long drives nonetheless during the “State of Perfection” demonstration. At the core of the open house was a display of the firepower behind Buchanan’s 12-color, 40˝ Mitsubishi Diamond 3000R convertible perfector equipped with tower coaters. The dual coaters