Many within the printing industry may not be very familiar with the Brainerd, Minn.-based CJK Group, despite the fact that it’s been on an industry acquisition tear the past several years. Led by CEO Chris Kurtzman, CJK Group is the holding company for Bang Printing, a manufacturer of books, catalogs, publications and fulfillment services located in Brainerd and Palmdale, Calif.; Hess Print Solutions in Brimfield, Ohio; Sentinel Printing in St. Cloud, Minn.; Victor Graphics in Baltimore; and Sinclair Printing in Los Angeles. That relative name obscurity may no longer be the case, however, thanks to The Sheridan Group. CJK Group has expanded its geographic footprint and market vertical offerings with the acquisition of The Sheridan Group, a Hunt Valley, Md.-based provider of print, publishing services and technology solutions to publishers, associations, university presses and catalogers. Financial terms of the transaction between the two privately held entities was not disclosed. The Sheridan Group reported annual sales of $196.5 million, 1,050 employees and a production specialty breakdown of 71% publications and 29% books to garner its No. 25 ranking on the most recent 2016 Printing Impressions 400 list of the top printing companies in the U.S. and Canada. click Read More below for additional detail
GSP, a leading provider of end-to-end retail services and solutions, announced it has purchased substantially all the assets of Custom Color Corp. in Lenexa, Kan. resulting in a strategic merger of two leaders in retail marketing and store-level execution.
“We are proud to announce another exciting milestone in GSP’s 42-year history,” said GSP CEO Geoff Neuhoff. “Custom Color shares our vision and passion for innovation, quality and service. This merger allows us to expand our capabilities and better accommodate the demands of our growing customer base,” Geoff explained.
Custom’s more than 100,000-sq.-ft. facility offers state-of-the-art digital production capabilities and supports graphics programs for leading national retail and consumer brands.
“This new Kansas City location will become GSP’s fourth production facility enabling us to further reduce lead times and minimize shipping costs for our retail customers nationwide,” said Geoff.
Custom Color’s CEO and President, Matt Keith, who will join GSP’s leadership team and continue to lead Custom Color as a division of GSP, added, “This is a historical turning point for the Custom Color team. Joining forces with GSP creates endless opportunities for Custom Color’s clients, who will benefit from GSP’s state-of-art store profiling and execution management technology, AccuStore. Our team in Lenexa has supported phenomenal growth over the past several years and looks forward to doing so on an even greater scale as part of GSP.”
“Just as we’re expanding our existing operations in Florida, Wisconsin and Utah. GSP will be expanding the Custom Color operation through additional equipment investment and an increase in the workforce,” said Geoff. “Both companies are lucky to service some of the best brands in retail and we are excited to see this merger translate into better results for their stores!”
Peter Schaefer of New Direction Partners represented Custom Color in the transaction. Greg Bosl of Endeavor Strategies represented GSP.