US flexo press manufacturer Mark Andy has been acquired by newly formed MAI Holdings, held by American Industrial Partners Capital Fund IV. The acquisition is said to be part of a planned strategy to strengthen Mark Andy’s position and foster its continued growth. The company’s management and operational structure will not change.
CEO Paul Brauss says: "Growing aftermarket business and new demand in emerging markets such as India, China and Eastern Europe will continue to drive progress at Mark Andy. We look forward to working with the American Industrial Partners team and have chartered a powerful future plan and agenda focused on developing new technology, expanding our customer support and aftermarket, and synergistic acquisitions."
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