Sandy Alexander Inc., a premier graphic communications provider, announced that its management team has completed a buyout of the company.
Terms were not disclosed. The transaction makes Sandy Alexander a privately held company owned exclusively by the management team, which remains intact.
"The management team is very excited about the change in ownership," said Mike Graff, President and CEO of Sandy Alexander. "Our more than 300 employees also are very pleased with the ownership change. We believe that we are well positioned to continue to build a unique model that offers our broad customer base continued quality and service across many platforms."
According to Graff, the 50-year-old company will continue to pursue strategic growth opportunities both organically and through acquisition. "Sandy Alexander will now be in a position to offer increased flexibility, independence, and focus through expansion in our depth of services," he said. These include digital printing, web and sheetfed offset printing, retail visual merchandising, wide- and grand-format printing, direct mail, high-end retouching, and computer graphics.
Graff added, "We will continue to operate with the utmost attention paid to innovation, technology, and protecting the environment." He called the opportunity created by the buyout a tribute to the founding members of a team who led the industry with their vision, dedication, and resolve.