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Mark Andy: Sold

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

“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,” Desai said. “Combined, there are over 10,000 Mark Andy and Rotoflex machines currently installed with a replacement value of over USD 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 Chief Executive Officer from 2012-2014.

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Andreas Keller

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