Management buys out Mark Andy

Label and flexo manufacturer Mark Andy has announced that an investment group formed by P.J. Desai, the company’s former chief executive officer, and the current management team has completed the purchase of Mark Andy from American Industrial Partners Capital Fund.

Desai served as the company’s chief executive officer from . He says, “This was an outstanding opportunity to purchase an established and innovative company with a strong core business of equipment, consumable products and services for the label market, as well as several exciting new products in the pipeline, including our new Digital Series inkjet press.”

Mark Andy has occupied a significant space in the label printing equipment space and in flexo printing technology and workflows. The company has enjoyed considerable growth in recent years and says it wants to capitalise on the industry’s shift to digital inkjet printing.

Kevin Wilken, chief executive officer at Mark Andy, says, “The management team is very excited to work once again with P.J. Desai and to be part of the ownership of such a great company. We have exceptional customers, market-leading products and services that drive improved profitability for our customers, and we have great people that love the industry and take great pride in their work. The combination of dedicated owner-managers and P.J.’s expertise and strategic thinking will continue driving Mark Andy’s success and long-term growth strategy.”

Desai adds, “Combined, there are over 10,000 Mark Andy and Rotoflex machines currently installed with a replacement value of over US$1bn. Together with our excellent management team, we are committed to growing Mark Andy’s already leading market position.”

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