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Management team sticks with Mark Andy buyout

Friday, 22 August 2014
By Print21

Former CEO, PJ Desai, comes back with a buyout offer too good to refuse for the US-based label and package printing equipment manufacturer. He has the support of the current management who will be part of the purchase.

There are over 10,000 Mark Andy and Rotoflex machines currently installed around the world with a replacement value of over $1 billion. The company represented by Aldus Engineerinrg, has a large installed base in Australia and New Zealand, second only to Gallus. Mark Andy, which was owned by a private equity group, has enjoyed considerable growth in recent years. Its presses are mainly flexo technology but like every other player it is addressing the shift to digital with the launch of an inline hybrid inkjet solution.

“This was an outstanding opportunity to purchase an established and innovative company with a strong core business of equipment, consumable products and services for the label market, as well as several exciting new products in the pipeline, including our new Digital Series inkjet press,” said Desai, who served as Mark Andy’s CEO from 2012-2014.

The move was welcomed by Kevin Wilken, current CEO who said; “The combination of dedicated owner-managers and P.J.’s expertise and strategic thinking will continue driving Mark Andy’s success and long-term growth strategy.”

In the local market Mark Andy has long been represented by Aldus Engineering, headed by Ian Guanaria. It is recognised for providing complete and customised systems in the labelling and packaging sector.

Mark Andy is one of a number of traditional narrow web press suppliers, including the Heidelberg-owned Gallus, that are trialling inkjet hybrid presses. To date the quality issues and the limited substrates that are suitable for inkjet have restricted the uptake, but the use of UV drying is making inroads in solving these problems.

Long-term digital sector leader is HP Indigo with its toner-based electro ink. Screen and Epson are both active in the shift towards digital label production with new presses introduced this year.

 

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