New equity firm to invest in printing companies.
"We have significant funds ready to be invested in the fast growing and exciting segments of the printing industry," Grossman says. "We see many opportunities to create a great company providing unique solutions from multiple locations in North America." Grossman points out that while the printing industry at large continues to struggle, there are a number of firms that have made the transition from print service provider to marketing services provider, focusing on helping customers make effective use of their I data and other market resources rather than focusing solely on production of print. "Those are the firms that are doing extremely well despite the economy," he notes. "We have been on the road talking to a number of them over the last four months, and we are energized. We have some terrific prospects, and we expect to begin announcing deals in the first quarter of 2009."
Stine adds, "In addition to investment capital and industry experience, we both bring the significant operating and sales expertise that is critical to driving growth in any investment opportunity. Both Roy and I continue to support both printers and print buyers in executing their printing strategy."
Both Grossman and Stine have worked in management at Sandy Alexander, a printing company based in Clifton, NJ, USA, which has label printing capability at its Staten Island, NY, USA, plant.
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|Title Annotation:||INDUSTRY NEWS|
|Publication:||Label & Narrow Web|
|Date:||Nov 1, 2008|
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