Alexandria, VA (October 10, 2016) – Idealliance, a communications industry association representing all facets of the global omnichannel media value chain, has announced that Inovar Packaging Group, LLC, Arlington, Texas, has purchased LabelPrint America of Newburyport, Mass. The Idealliance Ideadvisors business advisory group was retained by LabelPrint to help it find a buyer that would support its successful growth strategies.
Tony Yemma, LabelPrint America’s owner and chief executive officer, will join Inovar as a sales consultant. LabelPrint America’s president, Robin Hamilton, will serve as a member of Inovar’s management team as a vice president and the general manager of LabelPrint America. The LabelPrint America division of Inovar will continue to operate from the Newburyport location.
“We appreciate that both Tony and Robin think highly enough of us to trust that their customer relationships will be maintained and enhanced with access to our extensive platform of additional capabilities,” says John Attayek, chief executive officer of Inovar. “We are pleased to have the LabelPrint America team come on board with us and are looking forward to their help as we work together to expand and grow our company.”
“I am very excited that the LabelPrint America team will have the opportunity to work with John and other members of the Inovar Team,” says Yemma. “They have a strong reputation as an innovative and industry-leading company. I know that our customers will benefit from the increased capabilities and services of a company with a highly trusted name in our industry.”
“Inovar is a great example of a forward thinking company that is positioning itself for future success and growth,” notes Ideadvisors Partner Tom Cobery. Idealliance business advisors provided LabelPrint America with an outreach program that introduced the parties, and advised on the transaction price and structure, helping craft a letter of intent that was fair, balanced, and addressed the needs of both parties.
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About Ideadvisors:
Ideadvisors, the Idealliance business advisory group, provides a wide variety of business advisory services in critical areas of graphic communications management, from mergers and acquisitions to sales, operations, and finance. Its M&A specialists offer company executives trusted advisors who help them build long-term shareholder value through strategic mergers and acquisitions. Advisory services include helping companies with the strategic sale or acquisition of a business, acquisition of general intangibles, and post-merger integration services. The expertise and offerings of the Ideadvisors group comprise more than 100 business services, each specifically designed to fit a company’s size, issues, and needs. For information, contact Ideadvisors Partner Tom Cobery at (703) 837-1095 or tcobery@idealliance.org.
About Idealliance:
Idealliance is a not-for-profit member association representing a unique convergence of printers, mailers, marketers, brand owners, agencies, publishers, fulfillment services, material suppliers, and technology providers. The association provides an open and cross-industry platform for motivated professionals to come together to create a more competitive, compelling, and innovative graphic and visual communications industry. It capitalizes on its integrated capabilities to advance proven technical and management best practices; deliver best-in-class research, education, and certification; and serve as a united industry advocate. Idealliance is headquartered at 1800 Diagonal Road, Suite 320, Alexandria, Va., 22314. For more information, visit www.idealliance.org or call (703) 837-1070.
