Complemar Signs LOI to Purchase Assets of Commercial Printing & Imaging (CP&I)
Adds key equipment, new customers, and doubles production capacity
Complemar Partners, Inc. has signed a letter of intent to acquire the assets of Buffalo print services company CP&I. This is part of an ongoing strategy by Complemar to accelerate growth through acquisition. Complemar will move the majority of its print production from its location on Military Road to CP&I's Genesee Street location in Buffalo, doubling Complemar Print's production space.
This acquisition will bring new customers to Complemar as well as additional equipment and capacity. Equipment includes large format Heidelberg offset presses and a UV Coater, which will complement Complemar's existing offset presses and Xerox iGen4 digital printing capabilities.
"The CP&I acquisition expands Complemar's full potential in print services. The addition of this equipment will round out our capabilities and allow us to provide even more value to our current and future customers," says Jason Aymerich, Complemar's President of Print and Software Services.
Complemar has made several strategic acquisitions over the last three years and Aymerich says Complemar will continue to use acquisitions as a key element of its growth strategy moving forward. The CP&I deal is expected to close by December 1, 2014.
