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Business as usual for Aldus as Mark Andy changes hands

Thursday, 28 September 2006
By Print 21 Online Article

Mark Andy is a US-based manufacturer of flexographic printing presses for the production of labels, flexible packaging and folding cartons. The company claims the sale will help position it to build its market share in North America while also growing its business in international markets.

Ian Guanaria, general manager of Aldus, the company responsible for bringing the products to Australia and New Zealand, says the development is a positive one and he expects no changes to distribution in the region.

“Having met with senior Mark Andy management & staff at the recent LabelExpo in Chicago, I can say that everyone who I spoke to were very enthusiastic about the new arrangements,” says Guanaria.

“If this move helps the expansion of the Mark Andy company, it will obviously benefit our clients and ourselves here in Australia and NZ.”

Paul Brauss, CEO of Mark Andy, will continue to lead the company out of its base in Missouri with the management team mostly remaining intact. John Lutsi and Daniel Farrar, general partners at Morgenthaler, will be joining the Mark Andy board of directors.

Lutsi claims it was technical strengths of Mark Andy that inspired the purchase, and its ability to chase growth in both strong and weak markets, and hints there may be other similar such acquisitions in the near future.

“As the market leader, the company has excellent opportunities to consolidate its supply chain through acquisitions of ancillary equipment suppliers. This would strengthen Mark Andy’s already strong position as a full-solutions provider. Other potential acquisitions may include companies that can help expand its reach into key international markets.”

Paul Brauss, CEO of Mark Andy, says the company is excited about the new partnership and he expects it to retain its focus on research and development and customer service following the acquisition.

“In addition, Morgenthaler brings added financial resources and operational expertise to help us reach our growth objectives,” says Brauss.

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