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Mar 20, 2012 12:00 AM
- PrintingSolutions Firm Continues Growth, Expanding In-House Capabilities -
King of Prussia, PA - March20, 2012 – Ted Sherwin, president, and George Schnyder, ownerand CEO of IBS Direct™, a direct responseprinting solutions and marketing services firm, announced that the company haspurchased substantially all the assets of Imtek, LLC.
Based in King of Prussia, PA, IBS Direct offers high-quality printing solutions,direct marketing program management and new marketing technologies toeffectively implement and measure its customers’ campaigns. Imtek, located in Bridgeport,NJ, provides direct marketing, printing, fulfillment and location intelligenceservices to clients in the retail, automotive, financial services, travel,catalog, education, publishing and healthcare industries.
Theacquisition of Imtek is IBS Direct's second acquisition in four months, having acquiredMars Graphic Services, Inc. in November 2011. With this most recent acquisition, IBS Directhas grown from 44 to 120 employees and increased revenue approximately 110percent from mid-year 2011.
“Weare extremely proud of the work being done at Imtek and are fortunate to havethese employees join the IBS Direct family," said Schnyder. "Imtek isa quality company with some very strong customer relationships. We aim to addvalue to those customers through our innovative processes.”
Commentingon the sale, Aaron Hollander, president of Imtek, said, “I care a great dealabout my employees, so when setting out to sell this business it was importantto find the right fit. That clearly wasthe case with the people and the organization at IBS Direct. I feel confident that I have found the righthome for both Imtek's clients and employees.”
AllImtek employees have been offered positions with IBS Direct in King of Prussia.Ted Sherwin, who was named president of IBS Direct in May 2011, will overseethe consolidation.
IBSDirect is also proud to announce increased capabilities that include an eight-colorSanden press to complement its five high speed color forms presses as well as thesignificant upgrade of its prepress operation with the addition of astate-of-the-art, full-service prepress and plate making system by Fuji Color™. Upon completion, the integration of bothacquisitions in IBS Direct's King of Prussia facility will increase the firm'scapabilities to include three additional Harris heatset presses, a full binderyand a fulfillment operation in King of Prussia.
About IBS Direct
IBSDirect (www.ibsdm.com) is an industry leaderin implementing high-quality direct marketing campaigns with ease. Over thepast forty years, IBS Direct has evolved to offer exceptional printing andprogram management, along with a dedication to provide cutting edge technologysolutions. Headquartered in King of Prussia, Pennsylvania, the company workswith a number of industries across the United States.