Alan J. Scharfstein

ROCHELLE PARK, NJ—You've probably noticed the ubiquity of mergers and acquisitions within the printing industry. Alan J. Scharfstein, president of DAK Corporate Investors, has noticed, too. Sharfstein's firm recently conducted a study on the outbreak of mergers and acquisitions. DAK identified industries with intense M&A activity: packaging, office products, defense/ aerospace, contract manufacturing and, naturally, printing. The conclusion for our industry? Within five years, approximately 67 percent of printers will either be consolidated or out of business. This is not to suggest that two-thirds of the printing industry will soon disappear. Printers will change. They won't be gone completely. Scharfstein points out that

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