Consolidation--The Ties That Bind?

"Consolidation is a natural economic force in fragmented industries," DeWese says. "I like to think of it as 'Darwinian.' Basically, the printing markets are driving toward price equilibrium, a condition where neither the buyer nor seller has an advantage. Print buyers have had the advantage for a long time, and the efficiencies of consolidation lead to better margins and less customer control."