Mark Andy Acquired by Management Team and Former CEO
- Published: August 22, 2014
ST. LOUIS, MO | Mark Andy a global supplier of label and package printing equipment, support, supplies, and consumables, reports that an investment group formed by P.J. Desai, Mark Andy's former CEO, and the current management team has completed the purchase of Mark Andy from American Industrial Partners Capital Fund IV, L.P. (AIP). AIP will continue as a minority investor in Mark Andy along with Graycliff Partners, an independent investment firm focused on middle market investments.
Desai says, "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. Combined, there are over 10,000 Mark Andy and Rotoflex machines currently installed with a replacement value of over $1 billion. Together with our excellent management team, we are committed to growing Mark Andy's already leading market position."
Mark Andy CEO Kevin Wilken says, “The management team is very excited to work once again with P.J. Desai and to be part of the ownership of such a great company. We have exceptional customers, market-leading products, and services that drive improved profitability for our customers, and we have great people that love the industry and take great pride in their work. 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.”
The company will be exhibiting at Labelexpo Americas 2014, September 9-11, at the Donald E. Stephens Convention Center in Rosemont, IL, where the new Digital Series will be debuted to a global audience. The company's says its stand at the show will focus on displaying Mark Andy’s Total Solutions Partner approach, offering complete workflow solutions to advance the converters’ business.
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