Presstek Inc.

There were only four offset presses actually running at GRAPH EXPO last month, but the leading vendors still had booths on the show floor. Video presentations, interactive displays, print samples, and standalone press consoles or press units were instead used to showcase new developments, enhanced maintenance offerings and press monitoring services.

Presstek Inc. reported that its acquisition by an affiliate of American Industrial Partners Capital Fund IV (AIP) has been finalized. AIP is an operationally oriented, middle-market private-equity firm. Presstek’s shareholders will receive $0.50 in cash for each share of common stock.

Commercial printer equipment installations and other news from Printing Impressions’ November 2012 edition, featuring the 2012 Franklin Award.

Presstek DI digital offset presses will be the centerpiece of Presstek's presence at GRAPH EXPO. "This will be the first time that many of the products and technologies will be shown in North America, a terrific opportunity for those who were unable to attend the recent drupa trade show in Düsseldorf," said Joe Demharter, Presstek's vice president of sales.

Commercial printing industry news briefs from Printing Impressions’ October 2012 edition, including items on RR Donnelley, PIA-NAPL Merger, Acme Bookbinding, Presstek, InnerWorkings, InnoMark Communications, and TC Transcontinental Printing.

Presstek Inc.’s top three executives could be paid a total of $3.2 million in severance if the proposed sale of the printing equipment manufacturer to the American Industrial Partners private equity firm is completed, according to the preliminary version of a proxy that will eventually be sent to shareholders for their approval.

The deal—with an equity value of $18.7 million—would mean the end of Presstek as a public company, but neither the merger agreement nor the proxy spells out what will happen to the workforce at the Greenwich, CT-based company’s biggest facility in Hudson.

Presstek still needs a majority of outstanding shares

HUDSON, NH—Presstek Inc., a supplier of digital offset printing solutions to the printing and communications industries, has entered into a definitive merger agreement under which it will be acquired by MAI Holdings, an entity affiliated with American Industrial Partners (AIP) Capital Fund IV.

Presstek Inc. has entered into a definitive merger agreement under which it would be acquired by MAI Holdings, an entity affiliated with American Industrial Partners (AIP) Capital Fund IV. “AIP is no stranger to our industry. One of its portfolio companies, Mark Andy, is the world's leading designer of narrow and mid-web flexographic equipment and aftermarket products serving the label, packaging and specialty printing markets,” noted Stanley E. Freimuth, Presstek's chairman, president and CEO.

RCS Plc of Retford, Notts, U.K., has ordered a five-color Presstek 75DI digital offset press with an inline aqueous coater. This is the first 75DI to be installed in the country. RCS is one of the U.K.’s most prestigious printers and occupies a 43,000-sq.ft. state-of-the-art facility.

DURANT, OK—Texoma Print Services has installed a 29˝, five-color Presstek 75DI digital offset press with an in-line aqueous coater. Texoma is a full-service commercial printer specializing in publications, marketing literature, business forms and specialty advertising. The press was installed in June and is already delivering production work.