Mark Andy, the narrow web press manufacturer headquartered in Chesterfield, MO, USA, has been acquired by Morgenthaler Partners and Mark Andy management. Morgenthaler Partners is a financial business holding company based in Cleveland, OH, USA and Boston, MA, USA. Mark Andy had been owned by Dover Corporation since 1995. The transaction was completed September 15. Led by Mark Andy management, the transition of ownership will be transparent to the industry and the company’s customers, according to Paul Brauss, Mark Andy’s president.
In addition to the Mark Andy product line of narrow web presses and slitter rewinders, the company also owns the Comco line of in-line flexo presses as well as UV Technology.
“Mark Andy is excited about our new ownership, Morgenthaler Partners,” says Brauss. “We’ve worked very hard in the areas of product development and customer support which has paid off immensely in sales and market position. Our strong position has attracted a solid financial supporter and partner. We look forward to continued growth supported by our new ownership.”
As part of the acquisition, the management team structure will continue: Paul Brauss, CEO; Mike Howard, VP finance and CFO; John Howard, VP engineering; Bill Thompson, VP manufacturing; Greg Palm, VP sales and marketing, and Adam Baer, VP customer support.
Morgenthaler is a national buyout and venture capital firm with five offices throughout the United States. The firm has approximately $2.5 billion under management and has funded more than 250 companies over its 38-year history.
The firm’s buyout group focuses on the middle market with transaction values between $50 million and $250 million and EBITDA in excess of $10 million. It has two primary target investment areas: high value manufacturing and business services. More informa