Staples acquires business forms manufacturer PRINTSouth
Wednesday, December 08, 2010
Press release from the issuing company
Framingham, Mass. – Staples Advantage, the business-to-business division of Staples (NASDAQ: SPLS), announced today that its Print Solutions business has acquired PRINTSouth Corporation (operating as "Miami Systems"), a leading national manufacturer of business forms. Customers of Staples Print Solutions and Miami Systems will benefit from expanded product and service offerings, improved distribution capabilities and shared best practices.
"We welcome Miami Systems to the Staples company. We share the same values and beliefs, and are committed to growing within the print solutions marketplace," said Jay Baitler, executive vice president, Staples Advantage. "Together, our combined businesses will make it easy for customers through nationwide manufacturing coverage and unparalleled value and service."
"This creates a new market-force with the combination of two great printing businesses, Staples Print Solutions and Miami Systems, that will greatly benefit our customers, create new opportunities for our long standing associates and give us a nationwide footprint like no one else in the industry," said Sam Peters, former chairman, PRINTSouth Corporation.
Founded in 1926, Miami Systems has evolved into a leading national provider of transactional documents and related managed services with about $70 million in sales. Miami Systems' products and services encompass the printing and management of business forms, inserts, envelopes and labels. Its business forms product line includes computer forms, mailers, scan forms and snap-out forms.
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