"The acquisition of KFI Technology reinforces our commitment to invest in growing segments of the North American paper distribution business," said Andrew Wallach, CNG President and Chief Executive Officer. "KFI's focus on wide-format printing positions our company for significant success in a sector that will only become more important in the future."
KFI offers a wide range of equipment, products and services, and specializes in sales and distribution for premier wide-format equipment manufacturers. KFI also sells and services contour cutters, laminators and finishing equipment, and is a stocking dealer for wide-format supplies, from inks, printheads and media to laminates, adhesives and mounting substrates.
"We are very excited about the strategic acquisition of a leader in the evolving technology of wide-format printing," said Lindenmeyr Munroe President Bill Meany. "In addition to its range of products and services, the KFI team has more than 20 years of experience and is among the best in the business helping customers produce outstanding, quality graphics."
Meany added that a Customer Experience Center will be established in KFI's Trenton facility to showcase equipment and provide training to customers and employees.
Lindenmeyr Munroe is the largest privately held, independent paper merchant in the U.S. and a leading distributor of commercial printing papers, business and communications paper, and packaging products.
The transaction is expected to close January 31, 2017.