Marceline, Mo. (PRWEB) November 13, 2014
Walsworth announced today it has entered into an agreement to acquire significant manufacturing assets from Boyd Brothers Printing of Panama City, Fla.
The acquisition of these assets was made possible when Boyd Brothers president and owner, Jim Boyd Jr., announced to his employees the commercial printing company is closing.
“The strength of our business has always been the professionalism of our employees and the loyalty of our customers,” said Jim Boyd Jr., President of Boyd Brothers Printing. “Unfortunately, due to the changing dynamics of the industry and lack of access to capital, Boyd is forced to close its doors.”
Boyd is working with Walsworth in winding down its operations in an orderly manner to mitigate impacts on employees, customers and vendors.
Walsworth is expected to relocate several presses, bindery equipment and other ancillary items to its production facilities in Missouri and Michigan.
“This equipment will enhance our competitiveness and give us additional capacity for our Commercial and Yearbook divisions," said Don Walsworth, President of Walsworth.
The relocation of the manufacturing equipment is expected to occur during the first quarter of 2015.
Walsworth is among the 35 largest printing companies in the U.S. and top 10 book printers. The company is also the only American- and family-owned publisher of yearbooks. Started in 1937 by Don Walsworth, current leadership is under the second and third generations: Don O. Walsworth, CEO, and his son, Don Walsworth, president. The company operates from administrative offices and printing and binding facilities in Marceline, Mo., a prepress facility in Brookfield, Mo., a sales and marketing office in Overland Park, Kan., and a printing facility in Saint Joseph, Mich. Additionally, Walsworth owns the Donning Company Publishers in Virginia Beach, Va., a specialty book publisher, and The Ovid Bell Press in Fulton, Mo., a printer of journals and magazines.
About Boyd Brothers Printing
Boyd Brothers was founded in 1931 and is a third-generation, family-owned business. The commercial printer based in Panama City, Fla., has more than 90 employees and provides publication and general commercial printing services for clients throughout the southeastern United States. Boyd Brothers’ advanced capabilities include a complete digital prepress department and a comprehensive postpress and mailing operation.