BizBeat: Modern Litho announces merger
Sunday, July 21, 2013
“Our core values are very much aligned. We believe that those important fundamentals, plus the complementary services we will be providing in unison to valued customers, point to strong growth opportunities for both our organizations,” said Modern Litho President Darrell Moore.
No changes will be made in the way of employees being cut or moving equipment, Moore noted. The merger will simply expand Modern Litho’s customer base into the St. Louis market, as well as offer Midtown Printing more options to offer its customers. Moore explained that his company has more advanced technology, so the two companies will be able to share those resources.
Moore said he’s known Midtown Printing President Tom Auffenberg for approximately 10 years. “I highly respect him and his company,” the local business owner said.
“The merger blends two great companies that have always been successful at providing our most important stakeholders — customers, employees and vendors — with win-win advantages,” Moore said.
The companies are in the final stages of signing a contract, but Moore noted it is a “handshake agreement” and will be made official soon.
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