Virginia-based Fortis Solutions Group LLC has bought Anchor Printing, a family-owned company based in Novi, Michigan.
Terms of the deal were not disclosed.
Anchor Printing is a flexographic and offset printing specialist providing shrink sleeves, flexible packaging, and pressure-sensitive labels across a range of industries including the paint, automotive, medical, food, beverage, health and beauty, and chemical end-markets.
“After 75 years of building Anchor Printing Company, we wanted to continue to grow our trajectory, while servicing our customers even better,” says Andrew Weitz, Anchor’s third-generation owner. “… Our culture at Anchor was built on the commitment to quality, service, and hard work that was started by my grandfather and passed on to my father and myself, which I will carry on within the Fortis family.”
Weitz becomes a senior leader at Fortis as president of shrink and flexible packaging, said Fortis President and CEO John O. Wynne Jr. in a prepared statement.
“I have tremendous respect and admiration for the Weitz family and the nationally recognized business they have created, owned and operated for three generations,” Wynne says.
Fortis, a provider of high impact printed packaging solutions, has1,200 workers across 18 manufacturing sites, and it intends to continue pursuing acquisitions, the company says.
It is a portfolio company of Harvest Partners, a New York-based private equity investment firm that focuses on investments in middle-market companies in the business services and industrial services, consumer, healthcare, industrials and software industries.