For Immediate Release:
CHEVERLY, MD, September 2, 2010: Craftsman Press of Cheverly, MD announced today that it has acquired the assets of Catterton Printing of Waldorf MD. Both companies are providers of direct mail services and fulfillment services to regional and national markets. The transaction was completed on August 19. The combined company will be located in the Craftsman 186,000 square foot facility in Cheverly MD.
Carl Grossman, President of Craftsman Press, said “Catterton printing has a long history of providing exceptional service to regional and national direct mail clients. Together our company is better positioned to provide customers with a full direct mail solution including wide web printing, narrow web printing, sheetfed printing, bindery & finishing, mailing and fulfillment products and services.”
Duke Catterton, CEO of Catterton Printing, added “this is a win, win situation. Our combined customers will benefit from the expanded capabilities of both firms. Our employees and suppliers will benefit from our strengthened manufacturing base and expanded resources.”
Tony D’Agrosa, CEO of Craftsman Press stated, “We are pleased that Rock Catterton, a highly respected sales executive will be joining the Craftsman team. Rock brings over thirty years of experience in providing unique solutions to the direct mail industry.”
Paul Reilly, a partner at New Direction Partners, acted as financial advisor to Craftsman Press and Bart Krupnick, a partner at Margolis Becker, acted as financial advisor to Catterton Printing.
Contact: Paul V. Reilly
New Direction Partners
Phone: (303) 520-7803