An N.V. Publication FLEX
April 2, 2018
Vol. 20 No. 7
Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com
Mark Andy Acquires Presstek
Sonoco Buys Highland Packaging Packaging converter Sonoco has ac- quired Highland Packaging Solutions in Plant City, Florida, for approximate- ly $150 million in cash. Highland is a privately owned pro- ducer of thermoformed plastics pack- aging for fresh produce and dairy products. Highland, which is run by chief ex- ecutive Steve Maxwell, John Durham and select members of the company’s leadership team, has grown from a re- gional supplier of agriculture packag- ing products into a global packaging company with 2017 net sales of ap- proximately $90 million. Offering Solutions The company has approximately 425 employees and offers solutions including engineered containers, flex- ographic printed labels and inventory management through distribution warehouses in the Southeast and West Coast of the United States. When completed in the second quarter of 2018, Highland’s financial results will be reported within Sono- co’s Consumer Packaging segment.
M ark Andy has acquired Presstek, a global supplier of direct imaging offset plates and presses, CTP solutions and ser- vice for commercial and in-plant customers. With the Presstek acquisition, Mark Andy now serves as a full-complement solu- tions providers to the global graphic arts and print industry. Presstek’s team of more than 60 technical professionals will be integrated within Mark Andy’s service infrastructure. Certi- fied technicians will support equipment service for brands such as Presstek, ABDick, Ryobi, Heidelberg, Xerox, KBA, Epson and more. Mark Andy and Presstek have maintained a strong partner- ship over the years, with Mark Andy Print Products (MAPP) fulfilling all orders in North America for Presstek Direct
Imaging and CTP products. Integrating Presstek’s sales and service teams within MAPP will yield many benefits to Presstek’s existing customers, according to Mark Andy, in- cluding improved market coverage, extensive parts invento- ry, enhanced service resources, single point of invoicing, and faster response times. Presstek’s Zahara waterless plates division, which is not being acquired by Mark Andy, will be spun into a new company,Veri- co Technology, headed by former Presstek CEOYuval Dubois. Stuart Gallup has been appointed Vice President, Offset Busi- ness; Ian Pollock, has been named Director, Presstek EAMER; and Ralph Jenkins has been named Director MAPP Offset Sales in North America.
For exclusive content and breaking news please visit www.flexomarketnews.com
Made with FlippingBook Annual report