Richmond, Va. – Employee-owned Worth Higgins & Associates, Inc., Virginia’s largest sheet fed commercial printer, today announced the acquisition of Stern’s Printing and Engraving Company.
Effective June 1, 2017, the acquisition will add 4 employees to the Worth Higgins & Associates, Inc. payroll and is calculated to generate an additional $2 million in annual sales.
“The acquisition of Stern’s is a perfect fit for Worth Higgins & Associates, since 1970, the foundation of our business has been built on doing business with integrity. The culture of Stern’s exemplifies integrity, they will fit in very well with our team,” says Rick LaReau, chairman and CEO of Worth Higgins & Associates.
Ben Harper, president of Stern’s added, “Stern’s has earned a reputation for quality through our attention to detail and strict control of the production process. We have long admired Worth Higgins & Associates because of the company’s strong reputation for quality, service and product innovation. We are excited about this new partnership and the additional services it will bring to our client base.”
Benny Bowman, president and chief operating officer of Worth Higgins & Associates is excited about the acquisition and future growth of Stern’s. “By taking advantage of Worth Higgins & Associates arsenal of equipment, additional service offerings, and buying power, Stern’s will be able to grow their business. Worth Higgins & Associates remains committed to investing in cutting-edge technology and acquiring companies who share our core philosophies, this will ensure the future of the company for our 165 employee-owners.”
Stern’s will operate as a stand-alone division of Worth Higgins & Associates making for a smooth transition for their customer base.