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Royse Manufacturing Company Set To Acquire Tri-Service

Monday, March 25, 2002

Press release from the issuing company

Dallas, Texas - Mark Hischar, President and COO of Royse Manufacturing Company and Robert Buenz, President of Tri-Service, Inc. are pleased to announce a signed Letter of Intent for Royse to acquire the sheet-fed business of Tri-Service. Both companies are well established and well known in the lithographic industry in the area of ancillary equipment. Royse will assume control of the Tri-Service brand name and Chicago based manufacturing, service, and installation functions related to the sheet-fed and narrow web lithographic business operations. This acquisition accomplishes Royse’s three-year strategy to offer a complete line of ancillary products for the sheet-fed lithographic industry. Coupled with last year’s acquisition of Electronic Systems Incorporated (ESI) and ongoing internal product development, Royse now offers an expansive product line that includes individual dampening circulators, central dampening circulators, ink roller chilling systems and devices, combination chilling units that join into a single enclosure fountain dampening circulation and ink roller cooling, ink and coating dryers, powder spray systems, ink distribution systems, and coating circulation systems for aqueous and ultraviolet (UV) coating materials. This acquisition also offers Dallas-based Royse Manufacturing a presence in the critical Chicago area demographic. Mr. Buenz will continue to operate the lithographic web segment of the business as a separate organization. "With a focus on customer satisfaction and a commitment to product line expansion, the acquisition of Tri-Service demonstrates our corporate strategy to be a total solutions provider to the lithographic market. The combined synergy of Royse and Tri-Service is a powerful means enabling us to explore new possibilities and offer a total package product line needed to support the demands of a changing industry. The acquisition of Tri-Service and other alliances that we have recently developed has given Royse the ability to provide our customers with equipment that is responsive to all of their ancillary needs," said Hischar.

 

 

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