Document Security Systems Acquires Premier Packaging
 Print this article | Send to Colleague
Document Security Systems (DSS), Rochester, N.Y., USA, a manufacturer of secure identification and authentication technologies for documents, packaging, labels, ID cards, and electronic data, reported this week that it has acquired Victor, N.Y.-based Premier Packaging Corp., a manufacturer of paperboard packaging for clients in the pharmaceutical, beverage, photo packaging, toy, specialty foods, and direct marketing industries, among others. An early innovator of upscale photo packaging, Premier has expanded its product offerings to include everything from basic mailers and sleeves to folding cartons and complex three-dimensional solutions. It has 32 employees and operates from a 40,000 square foot plant in Victor. Last year, Premier reported $6.9 million in sales and approximately $530,000 in profit. DSS expects that savings from redundant printing and binding costs, along with additional cost savings, will result in at least an additional $400,000 per year of net profit from the acquisition, which will be accretive to combined earnings of the company this year.
|
|
