MAI Holdings Acquires Mark Andy

ST. LOUIS, Mo.—Mark Andy Inc. has been acquired by newly formed MAI Holdings, held by American Industrial Partners Capital Fund IV, L.P. (AIP). Finalized on Oct. 8, 2008, the acquisition is part of a planned strategy to strengthen Mark Andy’s position and foster continued growth as a global leader in printing machine manufacturing.

The management and operational structure of Mark Andy Inc. will not change, and with increased ownership, the team is better positioned to meet the demands of its market and industry. The impact of this transition will be transparent to its customers and the market, according to the company.

Paul Brauss, CEO, said “Growing aftermarket business and new demand in emerging markets such as India, China and Eastern Europe will continue to drive progress at Mark Andy Inc. We look forward to working with the American Industrial Partners team, and have chartered a powerful future plan and agenda focused on developing new technology, expanding our customer support and aftermarket, and synergistic acquisitions. The Mark Andy team is very pleased to be part of the ownership group. We are investing in our future.”