Editor note: A company spokesperson confirmed they closed as of last week, but provided no additional details. Bob Gay, President of Mallard Press could not be reached for comment.
We understand that Mallard Press has closed and are looking into the details. This firm served well-known companies such as Sara Lee Corporation. The independently owned and operated company located near Chicago has been in business for more than 30 years. At the end of 2008, the company acquired American Graphic Specialties, a long-time provider of specialty products and services. AGS specialized in engineering, and finishing customized products such as; presentation folders, point-of-purchase items, counter cards, folding cartons, laminated items and many types of packaged products.
Mallard has an impressive production portfolio, including Canon Digital and Komori, Miller and Ryobi offset, as well as a KBA Genius 52 Waterless UV Press. The company positioned itself as a single source provider offering graphic design, prepress, project management, data processing and postal presorts, as well as personalization and lettershop and mailing services. The latest profile I could find estimates that the company generated about $3 million in sales with 25 employees. If that is accurate, they were relatively in line with average sales per employee for the industry at $120,000.
Mallard Press is apparently another victim of the combination of a sharp economic downturn and the aggressive structural changes our industry is undergoing. Its home page says “Come and experience the ‘Best Kept Secret’ in the printing industry with your next marketing program.” Perhaps they kept the secret too well. We will be looking for more information on this closure over the next few days
Discussion
By george a. petrulis on Oct 14, 2009
did not need to happen to bob. classic
eexample of a company that has been in denial
as to the reality of the market place.
having completed over 60 m&a transactions
in the printing arena....i am not surprised.
there were options presented that would of precluded its closure...but fell on deaf ears.
too bad..
By Ron Gion on Oct 15, 2009
George, could you elaborate on the "options presented" and to what Mallard Press was in"denial"?
Thanks,
By Stan Moscinski on Oct 16, 2009
Bob was a great, great boss!
Please elaborate - yes please!
Stan
By Michael j on Oct 17, 2009
The "one stop shop" biz model imploded for Citigroup and Bank of America. It shouldn't be that surprising that it has passed it's prime in the Print industry.
By Bob Gay on Oct 19, 2009
I think what George is trying to say is that he was not able to capitalize on my misfortune. You can't just pick two random names from a hat and blend them together.
By Chuck Anzilotti on Oct 27, 2009
Bob, sorry to hear the sad news. I've been in your shop, very nice and well run, and the work produced by your operation was excellent. It's very tough in the print biz today to make any profit to stay in business.