AIP affiliate completes purchase of Presstek

- Deal announced earlier this year

 

- AIP operates investment portfolio that includes Mark Andy

 

The takeover of Presstek, a supplier of digital offset printing solutions to the printing and communications industries, by MAI Holdings, an affiliate of American Industrial Partners Capital Fund IV (AIP), has completed.

 

AIP is an operationally focused private equity investment firm that applies a collaborative approach with management in building and improving middle-market companies. Its portfolio includes fellow press manufacturer Mark Andy.

 

Stan Freimuth, Presstek’s president and chief executive officer, said: ‘I look forward to continuing to focus the company on its key growth strategies of going up market and expanding into new markets with AIP’s backing.

 

‘I am confident that this transaction will be beneficial to Presstek and its customers.’

 

Freimuth has previously stated that: ‘AIP is no stranger to our industry. One of its portfolio companies, Mark Andy, is the world's leading designer of narrow and mid-web flexographic equipment and after-market products serving the label, packaging and specialty printing markets.

 

‘We look forward to working with Mark Andy in areas where it makes sense for both companies.’

 

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