Cadmus Gobbles Up Mack Printing Group

The acquisition brings to Cadmus new capabilities to better serve the fast-growing "short-run" segment of the STM market, and strengthens Cadmus' magazine business by adding new production and distribution capabilities.

C. Stephenson Gillispie Jr., Cadmus' chairman, president and CEO, notes, "This acquisition is a giant step forward both operationally and financially. Cadmus is now one of North America's five largest periodical printers. With our increased size, we will capture operating benefits from enhanced synergies and economies of scale. Financially, we are strengthening Cadmus by adding a business with a solid track record of consistent growth, double-digit operating margins and strong cash flows. We will increase cash flow per share, significantly expand our operating margins and, coupled with other recent organizational changes, further stabilize the earnings performance of our business. We are excited about the short- and long-term opportunities this acquisition creates."