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IBT Global Purchases Hamilton Printing

Wednesday, April 18, 2012

Press release from the issuing company

Integrated Book Technology, Inc. (IBT Global) has joined forces with Hamilton Printing Company (Hamilton) of Castleton, NY. Terms of the deal were not disclosed. 

John R. Paeglow III, IBT President, made the announcement Monday citing the outstanding synergies of both companies as the foundation for a bright future in the book manufacturing/publishing industry. 

“I spent the first 12 years of my career under the tutelage of out-going Hamilton President Brian Payne,” said Paeglow.  “I am very familiar with their staff and business model.  For the last 20 years, my focus has been building a company that utilizes the latest in technology to manufacture books and help publishers to fully utilize their intellectual property. As we combine the two companies, we will be able to offer customers manufacturing for the life cycle of a title, resulting in streamlined inventory management.”

IBT’s digital offering will be enhanced by Hamilton’s web offset capabilities. When combined with IBT’s editorial, page composition, and software, linking publishers’ administrative systems and warehouses, IBT/Hamilton will enable a publisher to improve schedules and control inventory from 10,000 copies to one copy. 

“Without question, this acquisition is a great strategic fit and creates a sound financial foundation for IBT/Hamilton to grow and serve its customers’ changing needs,” said John Lang, IBT Chief Financial Officer/Chief Operating Officer. 

The combined entity will have over 160 employees with revenues approaching $30 million.  The corporate headquarters and manufacturing facilities will remain in their current locations for the time being. The new company will operate under the name IBT/Hamilton moving forward.

 

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