Lamitech acquires Signature Food Boards division of General Die & Diecutting
Mountain Lakes, New Jersey – January 29, 2016 –Graphic Arts Advisors (GAA) is pleased to announce the sale of the Signature Food Boards brand and business to New Jersey based Lamitech, Inc. GAA served as the exclusive advisor to General Die & Diecutting on the sale.
Adam Reiser, Vice President of Lamitech, noted that “with several FDA approved product lines serving the food industry, including laminated and diecut food boards, the acquisition of the Signature Food Boards line is a natural fit and strategically targeted move for Lamitech.”
“We are delighted to have found a perfect home for the Signature Food Boards division of General Die & Diecutting” said Mark Hahn, GAA Founder and Managing Director. “The GAA team of Mitch Evans and John Hyde ran a vigorous outreach process to find a buyer for this highly specialized line of printed, laminated and diecut products.” The Vallone family which owns General Die & Diecutting founded the Signature line of food boards to complement the trade business which they retain. Pete Vallone stated, “We are happy that this portion of our family business will continue to grow and thrive under its new owners.”
General Die & Die Cutting Inc is a privately held company in Roosevelt, NY. General Die is a trade die-cutting service established in 1961. They provide finishing services such as die-cutting, laminating, folding/gluing, foil stamping, embossing, litho mounting and display finishing.
Lamitech, Inc. is headquartered in Cranbury, New Jersey; Lamitech supplies an exceptional range of boards for a variety of industries: signage and display, box grade, mounting/finishing/diecutting, lampshades, wallpaper, specialty laminating, printer grades, pressure sensitive boards, packaging and food grade products. Lamitech also has locations in Santa Cruz, California and Rockland, Massachusetts.
Graphic Arts Advisors, LLC is a national boutique strategic financial advisory and consulting firm located in Mountain Lakes, New Jersey with additional professionals in Texas, Florida and New York. The firm’ practice is focused exclusively on the printing, packaging, signage, mailing, marketing services, brand management and related graphic communications industries, serving clients throughout the US and Canada with revenues up to $200 million and transactional needs of up to $100 million. Additional information can be found on the company’s website at www.graphicartsadvisors.com.