IBT Global Purchases Hamilton Printing to Expand Its Book Production Services
TROY, NY—April 17, 2012—Integrated Book Technology (IBT Global) has joined forces with Hamilton Printing of Castleton, NY. Terms of the deal were not disclosed. [IBT is ranked #243 with $19 million in sales on the 2011 Printing Impressions 400 ranking.]
The new company will operate under the name IBT/Hamilton moving forward and will have more than 160 employees with revenues approaching $30 million. The corporate headquarters and manufacturing facilities will remain in their current locations for the time being.
IBT’s digital offering will be enhanced by Hamilton’s web offset capabilities. When combined with IBT’s editorial, page composition and software, along with linking in book publishers’ administrative systems and warehouses, IBT/Hamilton will enable a customers to improve schedules and control inventory from quantities of 10,000 copies to one copy.
John R. Paeglow III, IBT president, made the announcement Monday citing the outstanding synergies of both companies as the foundation for a bright future in the book manufacturing/publishing industry.
“I spent the first 12 years of my career under the tutelage of out-going Hamilton President Brian Payne,” said Paeglow. “I am very familiar with its staff and business model. For the last 20 years, my focus has been building a company that utilizes the latest in technology to manufacture books and help publishers to fully utilize their intellectual property. As we combine the two companies, we will be able to offer customers manufacturing for the life cycle of a title, resulting in streamlined inventory management.”
“Without question, this acquisition is a great strategic fit and creates a sound financial foundation for IBT/Hamilton to grow and serve its customers’ changing needs,” said John Lang, IBT chief financial officer/chief operating officer.
About Hamilton Printing
Hamilton Printing is a family owned book printer with 100 years of experience. Its facilities, located south of Albany NY, include 190,000 square feet of operation and storage space. Annually, it manufactures 9 million offset, single color paperback and hardcover books.
About IBT
Established in 1991, IBT is one of the oldest all-digital book manufacturers in the industry. IBT is a leader in providing a full suite of short-run and print-on-demand (POD) products to publishers. With a focus on the scientific, technical, medical, professional and academic markets, IBT is committed to helping its customers better manage inventory and costs. IBT’s main plant is in Troy, NY, and it has a POD and distribution facility in Dulles, VA.
Source: IBT
