Melrose Park – Grafica Veneta S.p.A., one of the most important players in the book printing industry in Italy and Europe, announced today that it has completed the acquisition of the majority stake in Lake Book Manufacturing, Inc. a leading and historical printing company in the American market.
The acquisition will provide the market with increased production capacity and US customers with cutting edge services by relying on the avant-garde technology of Grafica Veneta S.p.A. and its wide range of solutions. While Grafica Veneta will become the majority shareholder the entire Lake Book team will remain to operate and grow the business in the US.
Fabio Franceschi, President of Grafica Veneta S.p.A. commented: “We are absolutely proud of this operation for which we had a great feeling since the beginning of the discussions. We share with Lake Book Manufacturing the same vision and philosophy: great passion for what we do, focus on customers, attention to details and flexibility. I am very confident that working together we will have the opportunity to build up something unique in the US market which is absolutely strategic and high-potential to us”.
Dan Genovese, President of Lake Book Manufacturing Inc. added: “From the first conversation the chemistry was there. As we explored the possibilities it was obvious that this is an excellent opportunity for our companies, our employees and our customers. If Lake Book had a family tree it would lead back to our cousins in Italy. Combining the Franceschi and Genovese families is a natural fit and a guaranteed success".