CHESTERFIELD, Missouri
,
June 27, 2023
(press release)
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Center Rock Capital Partners, LP (“Center Rock”) is pleased to announce that it has made an investment in MAI Holdings, Inc. (“Mark Andy” or the “Company”) alongside the existing equity holders, the Desai family. Mark Andy is a leading provider of label and packaging printing equipment, consumable supplies, aftermarket parts and services for growing end markets such as consumer packaged goods, pharmaceutical, and food & beverage. The transaction marks Center Rock’s second platform investment out of its second investment vehicle, Center Rock Capital Partners Fund II, LP. Headquartered in Chesterfield, MO, Mark Andy is a leading provider of label printing equipment, as well as consumable printing supplies, maintenance services, and aftermarket parts to label converters globally. The Company provides both flexographic and digital printing and finishing equipment and is well positioned to capture growth in the label and packaging market. Center Rock Partner Terry Theodore commented, “We are excited to partner with an industry leading franchise, known for having best-in-class technology, products and service. Durability, reliability, and quality are characteristics that customers often use to describe Mark Andy’s presses, which are paramount to solving the customer’s most critical needs. Mark Andy has maintained this leading position for decades, solidifying its reputation as the preferred provider for label printing equipment.” The Company is led by CEO Jason Desai, who said, “Mark Andy has built a leading global installed base of flexographic and digital presses, and we are excited to partner with Center Rock to continue to strengthen our consumable supplies, aftermarket parts, and service offerings.” About Mark Andy For more information, please visit www.markandy.com.
Mark Andy is a leading provider of label and packaging printing equipment, as well as consumable printing supplies, maintenance services and aftermarket parts serving growing end markets such as consumer packaged goods, pharmaceutical, and food & beverage.
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