Two Pennsylvania printers formed a partnership in an effort to expand their range of services and become more of a one-stop shop for printing clients and agencies, the companies announced.
Centennial Graphics Inc., Lancaster, PA, is a high-end digital print shop while Pemcor Inc., Conshohocken, PA, is a full-service commercial web and sheet-fed printing and direct mail facility.
Pemcor, in business since 1986, also has plants in Lancaster and Lebanon, PA. As part of the partnership, Centennial will move its operations into Pemcor's Lancaster facility at 2100 State Road.
“Their lease in their physical facility was up, so they were looking to move,” Pemcor sales manager William McGrorty said. “[Digital print] is a marketplace we wanted to expand into. We had the space. They're complementary services. We're both getting access to completely new sales bases.”
No money or stock was exchanged in the deal, McGrorty said.
“We've bought into the idea of their business. They've bought into the idea of our business,” he said. “The companies are looking to form a new company down the road, but right now they're both going to keep their separate identities. [Centennial executives] really wanted to retain their identity. They've been in business for 25 years.”
With more than 150 employees, Pemcor is the larger company, while Centennial has 19 on staff. Clients of the combined companies include Aunt Annie's Soft Pretzels, Franklin Mint and Armstrong Ceiling Tiles.