L&L EXCLUSIVE: Mark Andy acquired by Morgenthaler Partners

Mark Andy has announced its acquisition by Morgenthaler Partners and Mark Andy management.  Morgenthaler Partners is a strong financial business holding company based in Cleveland, Ohio and Boston, Massachusetts.  Mark Andy, Inc. had been owned by Dover Corporation since 1995. The transaction was completed on September 15, 2006.  Led by Mark Andy Management, the transition of ownership will be transparent to the industry and Mark Andy customers.

Mark Andy, Inc., a leader in narrow mid-web equipment, has continued to build a strong foundation of product offerings through three top brands: Mark Andy, Comco and UV Technology. In recent years, new technology innovation and new product advancements, along with strong sales and leadership, has given Mark Andy, Inc. solid exposure throughout business investment circles. The acquisition is a result of this activity.

‘Mark Andy is excited about our new ownership, Morgenthaler Partners. We’ve worked very hard in the areas of product development and customer support which has dramatically improved our 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,’ stated Paul Brauss, CEO of Mark Andy, Inc.

As part of the acquisition, the long-standing management team structure will continue: Paul Brauss, CEO; Mike Howard, VP finance & CFO; John Howard, VP engineering; Bill Thompson, VP Manufacturing; Greg Palm, VP sales & marketing and Adam Baer, VP customer support.