Corporate Press Signs Agreement to Acquire McArdle Printing Assets
Corporate Press, an employee-owned commercial printer based in Lanham, Md., has entered into an agreement to acquire certain assets of McArdle Printing, of Upper Marlboro, Md., from its current owner, Bloomberg BNA. The sale includes McArdle's existing account base and some of the equipment. “We expect the transaction to close on September 30, after which Corporate Press and its subsidiary, ColorCraft, will consolidate their current 72,000-sq.-ft. Maryland and 42,000-sq.-ft. Virginia operations into McArdle’s existing 131,000-sq.-ft. facility," explains Michael Marcian, president of Corporate Press. Together, Corporate Press and Sterling, Va.-based ColorCraft of Virginia (which it acquired from the late James Mayes in 2012) comprise a total of 140 employees. Click Read More below for additional detail.