The National Association for Printing Leadership (NAPL) has announced that Quartier Printing and Cayuga Press – two well-respected Central New York companies – have combined their talents and workforces into an organization poised for growth. Details of the transaction were not disclosed.
“The strategic fit between Quartier and Cayuga is extremely powerful for customers,” said Peter Schug of Cayuga Press. By running two shifts in each of two separate New York locations, Syracuse and Cortland, Quartier Printing and Cayuga Press will have 70,000 square feet dedicated to customer service and production, and the ability to turn jobs from small format black-and-white to six-color, 40-inch work overnight. Already a major presence in the Central New York region, the combined company expects revenues to exceed $10 million annually.
The NAPL Mergers and Acquisitions Team provided advice and guidance to Quartier Printing after the owners of Quartier and Cayuga became comfortable with each other. “This transaction goes well beyond the so-called ‘tuck in’ acquisitions that predominate the M&A landscape of the printing and graphic communications industry,” said John Hyde, NAPL Senior Vice President. “It is a good example of growth opportunities that exist for financially strong, well-managed print and graphic communications companies to expand their capabilities and market presence.”
“We wanted to rejuvenate our businesses, and having two operating facilities will give us faster turn times, increased operational efficiencies, and improved product offerings,” said Quartier Printing President Tom Quartier. “Quartier Printing brings a G7 Certification and an entire Sustainability program to the mix, and Cayuga’s exceptional customer service, 40-inch equipment, and storefront capabilities will enhance our customers’ experience across the board.”