BCT continues printing company acquisitions
Tuesday, January 19, 2010
Press release from the issuing company
BCT announces a number of acquisitions of wholesale printing companies throughout the United States over the past year.
"We are pleased to announce a number of completed acquisitions over the past year in fourteen different markets," said Peter Posk, President of BCT, Inc. "Our plants in Upland, CA; Garden City Park, NY; Tempe, AZ; Norcross, GA; Des Moines, IA; Austin, TX; Houston, TX; Pittsburgh, PA; Minneapolis, MN; Orlando, FL; Las Vegas, NV; Laguna Hills, CA; Calgary Alberta, CAN and Norfolk, VA have all completed acquisitions of printing companies in their respective geographies."
The plants acquired have all been partially or completely consolidated with existing operations.
"We have made investments in four color printing equipment, finishing equipment and technology at an aggressive pace over the past several years," noted Posk. "This has enabled our plants to increase products, services and solutions offered to our customers. Our online solution orderprinting.com, developed for our brokers for their corporate customers, is used by over 30,000 corporate accounts, including nearly half of Fortune 1000 companies. It's a great standalone technology, or as a punch-out for many of the popular procurement solutions, such as ARIBA and Oracle."
"Also, over the course of the last several years, changes in the print industry, and the economy more recently, have been detrimental to many print businesses. Some printing companies may not have made the investments in equipment or technology necessary to compete, so many have decided to exit the business."
"Also, many of our traditional resellers – retail quick printers and independent print brokers - have consolidated. Today, larger national, multi-unit retailers and national print distributors are significant print resellers," explained Posk. "They require local service, fast turn times, lower shipping costs and advanced online technologies. BCT is uniquely positioned due to our extensive North American plant footprint of 60 locations to offer the solutions that centralized or independent local wholesale print providers cannot match," offered Posk.
Posk concluded, "The acquisitions add to BCT's scale in these markets and our new customers now have access to a broader range of print solutions and technological expertise. It's positive for everyone."