Monday, November 2, 2009
Last month we completed the acquisition of the business of Kohler & Sons in St. Louis. This was an interesting transaction because the business was not performing at historical levels. This is a great example of the kinds of acquisitions we are making in this very difficult economic environment for printers. Historically, Kohler & Sons had revenues in excess of $15 million. Today, that number is probably closer to $10 million. We completed this transaction with extraordinary speed and efficiency, and on the very same day that Kohler shut its doors, we began servicing Kohler's customers out of our Nies facility in St. Louis. All work in process was completed without any issue. Because of our expertise in executing transactions such as this, Kohler's customers did not miss a beat when the Kohler facility ceased operations. All three Kohler brothers are currently working at Nies.