Mark Andy, a St. Louis-based printing equipment company, has acquired the assets of Rotoflex International, a provider of web inspection and finishing equipment. No financial terms were disclosed. American Industrial Partners acquired Mark Andy earlier this year from Morgenthaler Partners.
Rotoflex International, the industry-leading supplier of web inspection and finishing equipment has been acquired by MAI Holdings. The asset-only acquisition was finalized on December 11, 2008. The transaction marks a strong step for future business and growth plans for both Rotoflex and its new owners.
As the global leader among inspection and finishing equipment, Rotoflex will retain its focus on delivering innovative and customer-centric designs. It will maintain an independent brand presence, building on an already strong platform of progressive innovation, creative solutions and advanced technology. The immediate plan calls for heightened focus on the customer through Rotoflex sales continuity and improved worldwide support. In addition, the implementation of new operational efficiencies will allow Rotoflex to build and deliver a higher level of customer satisfaction.
Regarding the future of Rotoflex, Paul Brauss, CEO of MAI Holdings states this addition is “simply an incredible fit that will result in a stronger, stable business that will carry on the proud tradition of Rotoflex’s 35 years of leadership. We are combining the number-one, internationally recognized finishing equipment brand with world class operational excellence – an unbeatable combination. We deeply value the commitment of Rotoflex to understanding customer needs, innovative product designs, and industry leadership. We are pleased to have found a partner with such strong values.”
Val Rimas of Rotoflex calls the purchase “a game-changing development. This new ownership compliments and enhances Rotoflex’s value proposition by bringing efficiencies to our operation to better respond to our customers and maintain a leading position in the market. We see a bright future with a solid foundation for success.”
Rotoflex has more than 4,000 machines installed globally and is the world’s leading brand of inspection and finishing equipment, a position achieved through 35 years of delivering solid design and engineering. www.rotoflex.com
About MAI Holdings
MAI Holdings is a diversified manufacturing company that provides solutions to increase productivity and profitability for label and packaging markets, supplying leading global equipment brands including Comco and Mark Andy printing and converting equipment, Rotoflex finishing equipment and UVT curing systems. All of these product brands are supported by MAX, the customer service and support team of the organization. MAI Holdings is headquartered in St. Louis, Missouri, USA, with sales and distribution offices worldwide. For more information, visit www.markandy.com