Widens its customer base and strengthens its local market presence with addition of company with deep Lancaster, Pa., area roots.
Paramus, N.J. – 03/08/2011 – The Standard Group, headquartered in Reading, Pa., has acquired Whitmore Printing of Lancaster, Pa., a combination that joins two highly respected printing names that have served the central Pennsylvania area for more than a century. Details of the âtuck-inâ transaction were not disclosed. The NAPL Mergers & Acquisition Team conducted outreach services on behalf of The Standard Group.
âBy using targeted research and leveraging our contacts, we identified potential candidates and initiated confidential communications designed to elicit preliminary interest in a strategic relationship with our client,â said NAPL Senior Vice President John Hyde. âWe provided written recommendations on valuing the intangible assets and on structuring the transaction so that our client was able to pay a fair price for gaining a significant customer base from the owners of Whitmore Printing.â
Whitmore Owner Eric Whitmore, a member of the third generation to run the family company since its founding in 1873, will join The Standard Group. Whitmore Printingâs operations will eventually be folded into The Standard Groupâs three Lancaster, Pa., facilities.
âThe addition of Whitmore Printing strengthens TSGâs market presence in Pennsylvania as we continue on our path of industry leadership,â said Standard Group Chief Executive Officer Scott Vaughn. âWhitmoreâs customer focus fits perfectly with our vision and its talented staff will join TSGâs exceptional employee team.â
âThroughout our history, we have always prided ourselves on being a highly customer-centric business,â said Whitmore. âBy joining The Standard Group, we will be able to expand the product and service offerings available to our customer base. We made the decision to join TSG because of the values we had in common, our shared belief in always doing the right thing for our customer, no matter how big or small,â he added. âI am excited and invigorated to become part of this industry leading company.â
The $25 million Standard Group is a communication and creative content delivery partner that provides integrated communication solutions via new and traditional media. It offers the latest in personalized marketing and digital media communications solutions and mailing and fulfillment services. A nationally recognized leader in cross-media services, it also provides Web-to-print, variable data, and 1:1 marketing technologies for a global client base ranging from small, non-profit organizations to largeÂ FortuneÂ 500 companies.
âWe are pursuing aggressive growth and are thriving in troubled economic times by understanding our customersâ needs and developing solutions for them,â said Vaughn, citing as an example the value-added services of the companyâs nationally recognized cross media department. âBy teaming with Whitmore Printing, we will now be able to extend our 21st century communications services to an even more diverse customer base.â
75 West Century Road, Suite 100
Paramus, NJ, 07652-1408
Phone: (201) 634-9600
Fax: (201) 986-2976
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