Mark Lithography merges into Kay Printing
Wednesday, October 14, 2009
Press release from the issuing company
Paramus, N.J. - NAPL today announced that Mark Lithography, Inc., of Cedar Knolls, NJ will merge into Kay Printing of Clifton, NJ.
The announcement was made by John Hyde, NAPL Senior Vice President and Senior Consultant, who advised Kay Printing regarding business valuation and structuring of the consolidation opportunity. "This transaction significantly expands the presence of Kay Printing. As part of this transaction, Kay will gain additional sales strength, as well as expanded capabilities for heatset web printing," Hyde said.
With approximately $12 million in annual sales, Kay Printing has been profitably serving the Northeast for 35 years. In addition to providing sheetfed and digital printing services from a state-of-the-art 50,000 square foot manufacturing facility in Clifton, N.J., the company provides design services from its location in New York City.
"We pride ourselves on long-standing customer relationships, our personal attention, and a willingness to tackle any type of job regardless of size or scheduling requirement," said Richard Kirschenbaum, President of Kay. "This consolidation enables us to broaden our capabilities and sales capacities, while ensuring that all customers continue to receive the highest levels of service and quality."
Charles Tuminello, president of Mark Lithography, added, "Both of our companies were founded in 1974, and both have been dedicated to meeting the needs of our clientele through personal service and advancing technologies. We're excited about joining forces with another family-owned and -operated company that shares our business philosophy and dedication to excellence."
A long-standing NAPL member, Kay Printing has received guidance from the NAPL Print Consulting Services Group for a number of merger and acquisition initiatives. "John has given us valuable support and counsel, and played a key role in this consolidation," said Kirschenbaum. "He introduced our companies, advised us on how to value and structure the opportunity, and provided valuable succession planning support." Jeffrey Kirschenbaum and Steve Tuminello, sons of the two companies' respective presidents, will continue in the consolidated business.