Mossberg Buys Foster Printing; Foster’s Michigan Metropolis, Ind., Plant to Shut

James Hillman, President and CEO of Mossberg & Co.

After more than 90 years as an offset and digital print provider specializing in reprints and other marketing materials, Foster Printing Service, based in Michigan City, Indiana, is closing its doors effective May 31st. The company’s assets were acquired by 87-. Indiana, Mossberg & Co.’s year-long printing and marketing solutions provider that currently operates two manufacturing facilities in South Bend, Indiana. No information was released regarding the financial terms of the transaction.

“I am excited about the prospect of advancing the Foster legacy,” said James Hillman, president and CEO of the privately held family business. “The 94-year commitment to customer quality is well supported by Mossberg & Co.” Mossberg will continue to serve Foster’s existing commercial printing customers and introduce expanded manufacturing capabilities such as flexible packaging and folding cartons, flexographic label printing, and sales and fulfillment services.

(Foster Printing Service was a multi-year entrant and multiple winner of the annual Gold Ink Awards competition for printing excellence, which spans more than 50 categories. The 2017 Gold Ink entry deadline is approaching. Click here for more To get information on how to enter.)

Mossberg & Co. was founded in 1930 by Herman Mossberg and employs more than 140 people. The company serves multiple vertical market segments including healthcare, retail, higher education, consumer products and beverages.

According to a statement issued by Mossberg & Co., the strategic acquisition of Foster Printing’s business assets supports its long-term growth plans for new and existing printing markets, with an emphasis on increasing sheet-fed printing performance. Mossberg already operates three 40˝ sheet-fed offset printing machines, including a 12-color perfector and a 6-color model that can print up to 30 pt. Cardboard material as well as digital printing devices for short-term and variable data orders.

The company also has a strategic partnership with a group of independent printer colleagues called the Roundtable Alliance, which enables Mossberg to offer additional value-added features such as six-color, full- and half-web printing with inline finishing through its partners ;; mechanical construction; CAD laser cutting; Large format printing; High speed stamping; Folding / gluing; and additional capacity for large projects or multiple geographic drop shipping needs.

Mossberg & Co. was ranked 222nd on the most recent Printing Impressions 400 list of the largest printers in the US and Canada by annual sales. The company achieved annual sales of USD 22.7 million for the last full fiscal year, an increase of 5% over the previous year. Click here for the full 2016 Printing Impressions 400 ranking for the most comprehensive list in the industry.

Telephone calls to representatives from Mossberg & Co. and Foster Printing to learn more details about the transaction, including possible layoffs for Foster employees and whether equipment would be relocated from Foster to Mossberg, were not returned in time to be picked up this post.