Mark Andy acquired by MAI Holdings

Mark Andy has been aquired by newly formed MAI Holdings, held by American Industrial Partners Capital Fund IV, L.P. (‘AIP’). Finalized on October 8, 2008, the acquisition is part of a planned strategy to strengthen Mark Andy’s position and foster continued growth in printing machine manufacturing.

The management and operational structure of Mark Andy will not change. The impact of this transition will be transparent to the company’s customers and market. 

Paul Brauss, CEO, said: ‘Growing aftermarket business and new demand in emerging markets such as India, China and Eastern Europe will continue to drive progress at Mark Andy. We look forward to working with the American Industrial Partners team, and have chartered a powerful future plan and agenda focused on developing new technology, expanding our customer support and aftermarket, and synergistic acquisitions. The Mark Andy team is very pleased to be part of the ownership group. We are investing in our future.’