Craftsman Press Acquires Catterton Printing
Monday, September 13, 2010
Press release from the issuing company
CHEVERLY, MD -- Craftsman Press of Cheverly, MD announced today that is has acquired the assets of Catterton Printing of Waldorf, MD. Both companies are providers of direct mail and fulfillment services to regional and national markets. The transaction was completed on August 19. The combined company will be located in Craftsman's 186,000-sq.-ft. facility in Cheverly.
Carl Grossman, President of Craftsman Press, said, "Catterton printing has a long history of providing exceptional service to regional and national direct mail clients. With the help of these capabilities, our company is better positioned to provide customers with a full direct mail solution including wide web printing, narrow web printing, sheetfed printing, bindery and finishing, and mailing and fulfillment. "
Duke Catterton, CEO of Catterton Printing, added, "This is a win-win situation. All of our customers will benefit from the expanded capabilities of both firms. Our employees and suppliers will benefit from our strengthened manufacturing base and expanded resources."
Tony D'Agrosa, CEO of Craftsman Press, stated, "We are pleased that Rock Catterton, a highly respected sales executive, will be joining the Craftsman team. Rock brings more than 30 years of experience in providing unique solutions to the direct mail industry."
Paul Reilly, a partner at New Direction Partners, acted as financial advisor to Craftsman Press, and Bart Krupnick, a partner at Margolis Becker, acted as financial advisor to Catterton Printing.
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