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Presstek%20Inc.,<%2Fa><%2Fstrong>%20a%20leading%20supplier%20of%20digital%20offset%20printing%20solutions%20to%20the%20printing%20and%20communications%20industries,%20has%20entered%20into%20a%20definitive%20merger%20agreement%20under%20which%20it%20would%20be%20acquired%20by%20MAI%20Holdings,%20Inc.,%20an%20entity%20affiliated%20with%20American%20Industrial%20Partners%20Capital%20Fund%20IV,%20L.P.%20(AIP).%0D%0A%0D%0Ahttps%3A%2F%2Fwww.goprintandpromo.com%2Farticle%2Fan-affiliate-american-industrial-partners-acquire-presstek%2F" target="_blank" class="email" data-post-id="2742" type="icon_link">
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In announcing the agreement, Stanley E. Freimuth, Presstek's chairman, president and CEO, said: "We are excited to combine the financial resources of AIP with the strong product portfolio of Presstek. We believe that this combination will help to fuel the growth of the company, which has been challenging over the past few years as a result of the worldwide economic downturn. AIP is no stranger to our industry. One of its portfolio companies, Mark Andy Inc., is the world's leading designer of narrow and mid-web flexographic equipment and aftermarket products serving the label, packaging and specialty printing markets. We look forward to working with Mark Andy in areas where it makes sense for both companies."
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- Companies:
- Mark Andy
- People:
- Stanley E. Freimuth
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