Management Group Leads Buyout of Mark Andy

ST. LOUIS—Mark Andy announced that an investment group formed by P.J. Desai, Mark Andy's former CEO, and the current management team, has completed the purchase of Mark Andy from American Industrial Partners Capital Fund IV (AIP). AIP will continue as a minority investor in Mark Andy along with Graycliff Partners, an independent investment firm focused on middle-market investments.

Mark Andy specializes in the label printing equipment space and has dedicated its research efforts toward flexo printing technology and workflows, as well as a total solutions approach to driving profitability for converters around the world. Mark Andy has seen considerable growth in recent years and seeks to leverage the movement toward digital inkjet printing via its recently launched in-line hybrid solution, the Mark Andy Digital Series.

"This was an outstanding opportunity to purchase an established and innovative company with a strong core business of equipment, consumable products and services for the label market, as well as several exciting new products in the pipeline, including our new Digital Series inkjet press," said Desai. "Combined, there are over 10,000 Mark Andy and Rotoflex machines currently installed with a replacement value of over $1 billion. Together, with our excellent management team, we are committed to growing Mark Andy's already leading market position."

Desai served as Mark Andy's CEO from 2012-2014. Prior to that, he was president and CEO of Abencs, an engineering and construction company, and MECS Inc.