Presstek Buys its Plate Partner

Published: December 01, 2004, By Edited by Deborah Donberg

HUDSON, NH — Presstek reports the acquisition of Precision Lithograining Corp., South Hadley, MA, for approximately $12.3 million in cash. Prior to the transaction, Precision Lithograining was one of the largest independent plate manufacturers in North America and Presstek's manufacturing partner for its Anthem and Freedom printing plates. The companies will maintain their respective operations, with Precision operating as a wholly owned subsidiary of Presstek.