New Consolidator Emerges – November 2025 M&A Activity

SOURCE - The Target Report

The print and packaging industries have long been shaped by cycles of technical reinvention, growth, maturation, and consolidation. Over time, consolidators emerge within the various print and packaging segments. Some maintain a disciplined strategic acquisition strategy, carefully putting the pieces in place to build a solid, durable business, while others move quickly from one deal to the next. Eventually, some become overextended, and the structure begins to wobble.

Newly ascendant consolidators emerge, complete multiple transactions, and another cycle begins. As the new platform company constructs its network, it slowly becomes apparent which type of structure the consolidator is building: disciplined and durable, or overextended and unraveling.

A New Platform Takes Shape

RoyerComm Prism has emerged with surprising momentum as the newest consolidator in the commercial printing industry, with one foot in folding carton production. Beginning less than a year ago, the South Jersey commercial printing company, already a half-century in business, embarked on a parade of acquisitions that strikes an aggressive tone for the future, with three acquisitions announced within the first eleven months of 2025.

The transaction that established the RoyerComm Prism platform was announced just this past January as a merger between RoyerComm and Prism Color. According to the press release announcing the deal, in addition to commercial printing services, RoyerComm brought promotional products and fulfillment services to the combined entity. The foundation of the new platform was strengthened by Prism’s expertise in folding carton production.

In August, the newly established RoyerComm Prism announced it had acquired Victor Printing, a Cherry Hill, New Jersey-based Company. The company's messaging around the acquisition was clear: the deal was a step forward in its mission and long-term vision to expand capacity and grow its team.

In November, RoyerComm Prism announced the acquisition of Brilliant Printing. Based on the other side of the Delaware River, in Exton, Pennsylvania, Brilliant Printing is a high-quality, premium commercial printing company that also produces collector edition books of photography, art, and fashion.

It is worth noting that while there is some directional confusion here (the mix of commercial printing, folding carton production, and premium picture book manufacturing suggests a platform still defining the precise contours of its long-term strategy), a rational geographic focus emanates from the core platform company’s home base. We will keep an eye on this latest consolidator, working to make sense of the contraction that is endemic to our industry. Whether this becomes a disciplined regional platform or a more diffuse roll-up remains a storyline to watch.

Disciplined Consolidators Stay on Course

Modern Litho, headquartered in Jefferson City, Missouri, continued its measured expansion with the acquisition of Mpress in Kansas City. This latest acquisition by Modern Litho enhances the company’s central Midwestern footprint and adds capacity in the Kansas City market, where the company already has a meaningful presence.

Modern has executed a consistent strategy that has built a multi-pronged presence in the major central Midwest Missouri cities of Kansas City and St. Louis, both relatively equidistant from the original headquarters in Jefferson City, a short distance from the exact geographic center of the state. In 2023, the company added a facility in Columbia, Missouri, just 30 miles north of Jefferson City, along the Missouri River, positioned almost exactly midway between Kansas City and St. Louis on Interstate Route 70. Modern Litho truly has Missouri covered, from end to end.

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