The Millcraft Paper Company announced that it has entered into an agreement to acquire KW Graphics of Springfield, Illinois. Financial terms of the deal were not disclosed.
Founded in 1978 by Karl Williams, KW Graphics has evolved over the last 40 years into one of the premier digital graphics printing and finishing equipment dealers in the U.S.
The Illinois-based business will operate under the Millcraft name and continue to help organizations looking to expand their printing and finishing capabilities. In the coming months, Millcraft's product and service offering of substrates, direct-to-garment printing, packaging capabilities, and more will be available to KW Graphics customers.
"KW Graphics has developed an incredible reputation for service when it comes to supporting the needs of companies who are investing in digital printing and finishing equipment," said Travis Mlakar, Millcraft President and Chief Executive Officer. "We are excited to bring their market expertise to our Millcraft family. We also look forward to building upon the service they provide by giving their customers access to the more than 12,000 items that Millcraft stocks."
The acquisition underscores Millcraft's ongoing growth strategy of diversifying into new print markets such as sign & banner, garment decorating and packaging while preserving a commitment to its core customer base — today's commercial printers who want to diversify beyond traditional paper and print to meet the changing demands of the marketplace.
"For several years, we have been talking about the evolution of the print industry," said Courtney Enser, Millcraft Vice President of Sales. "We know our customers are expanding their capabilities, and as customers' needs evolve, so does Millcraft. We look forward to growing not only our expertise and capabilities, but also our service-based platform."
The transaction is scheduled to close on August 31, 2022.
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