In this transaction we provided advisory services to an affiliate of Cerberus Capital, in evaluating their financing commitment to the EarthColor transaction.
EarthColor acquires Applied Printing Technologies (APT)
West Orange, NJ (October 23, 2005) – EarthColor, Inc., the largest privately owned commercial printer in the New York Metropolitan area, announced the acquisition of Applied Printing Technologies (APT). APT has facilities in Moonachie, NJ and Elmira, NY.
Applied Printing Technologies has been in business since 1960 with revenues of approximately $45 million. APT offers a broad range of solutions, which include full and half web printing with inline capability in Elmira, NY, and sheet fed, digital and web printing in Moonachie, NJ.
The addition of APT increases EarthColor’s capacity and capability to service customers nationally. EarthColor’s full web, in line finishing and sheet fed capacity will significantly expand, and the Company’s product offerings will now include a full range of digital printing.
“We are excited about the opportunity this acquisition offers to our existing and new clients. This transaction provides us with a stronger and more diverse platform and positions the company for further expansion”, said Robert Kashan, EarthColor’s CEO.
About Earthcolor EarthColor is a full service commercial printer, which is headquartered at 55 Lakeside Avenue, West Orange, NJ 07052. EarthColor has been in business for over 20 years and currently has over 600 employees nationwide. The company’s divisions include: Barton Press, Cedar Graphics, EarthColor NY, EarthCameron, EarthColor/Houston, EarthSpectrum, International Color Services, Kashan Litho, Media Printing and Tam/LCI. With the addition of APT, EarthColor’s revenue will exceed $240 million.