American Litho and Berlin Industries announce definitive agreement
Wednesday, April 20, 2011
Press release from the issuing company
Carol Stream, Ill. - American Litho, Inc. and Berlin Industries LLC, both of Carol Stream, Ill., today announced that they have entered into a definitive agreement that will result in American Litho purchasing certain assets of Berlin Industries. The combined company will offer a broader range of product and service capabilities to its customers and will continue to operate the two existing printing plants located in Carol Stream. Closing of the transaction is expected to occur by early June.
Mike Fontana, president and one of the owners of American Litho stated "We are excited about the opportunities the combination of the capabilities of the two companies offer to the customers of both companies. Berlin is an important player in our market and a great addition to our operation." The companies are in close proximity, and Fontana said he expects the integration of the businesses to go quickly and smoothly.
Bruce Smith, chief executive officer of Berlin, commented, "The future of the combined operations is bright. The combination of the companies offers customers an enhanced value proposition with additional capabilities and creates opportunities for improved manufacturing efficiencies." Smith said he feels the larger size of the resulting operation will provide a more competitive platform from which to grow profitably.
Daily Newsletter Subscription
Delivered every morning this newsletter provides a comprehensive overview of the latest news and analysis.
To post a comment Log In or Become a Member, doing so is simple and free