Presstek has bought the business and operations of Anocoil Corporation, one of North America’s largest independent producers of analog and digital offset printing plates for the newspaper and commercial market segments.
Anocoil was founded in 1958 and has contributed a number of innovations in the areas of aluminum substrate and coating technology. Presstek, which dates back to 1987, is best known for its range of DI presses. Presstek has said that the two companies will work together to develop “new environmentally friendly printing solutions and to provide enhanced services to our valued customers.”
Sparsh Bhargava, Presstek’s Chief Executive Officer, added: “Both Presstek and Anocoil have extremely talented employees and a long history of innovation. We look forward to working with the Anocoil team to build long term value for all of our stakeholders.”
The transaction is expected to close at the end of March subject to closing conditions.