FOR
IMMEDIATE RELEASE
Contact:
Charles K. Oppenheimer
Amvest
Financial Group, Inc.
816-461-3312
coppenheimer@amvest.com
KANSAS CITY, MO – December 31, 2002
– Amvest Financial Group, Inc., a national investment banking firm
specializing in the printing industry, has announced completion of the sale of
its client, Edison Business Forms, Edison, New Jersey to Crabar/Witt LLC Dayton,
Ohio.
Edison Business Forms was founded in 1963 by Joseph Kiningham and has grown to
become one of the leading manufacturers of business forms, including single
sheet, multi-part and other specialty business products in the Northeast. Dan
Kiningham succeeded his father as President and will remain with the company.
Edison provides medium to long run unit sets and continuous sets, business form
design, prepress, printing and collating of multi-part forms. Edison also
provides forms management, maintaining on-hand stocking levels based on customer
demand and usage for immediate release. Edison has vast experience in design and
production of forms based on customer specifications and also forms for use on
imprinting equipment.
Crabar/Witt L.L.C. acquired Crabar Business Systems, Dayton, Ohio and Witt
Printing, El Dorado Springs, Missouri in mid 2002. Crabar and Witt specialize in
manufacturing Custom Cut Sheets, Custom Continuous Forms, Register Forms, 50"
Jumbo Rolls, Snap out Rolls, Custom label/form combinations and other business
forms products.
Crabar/Witt L.L.C. is owned by Centrum Equities a privately held investment
group based in Chicago. Crabar/Witt is quickly becoming a significant player in
the business forms industry. Centrum is expected to make additional acquisitions
in the business forms industry which will expand their offerings to their
growing customer base. Terms of the transaction were not disclosed.
Edison is an excellent addition to the growing stable of companies owned by
Centrum. Edison provides an east coast manufacturing plant which will compliment
Crabar/Witt’s other locations in Bellville, Texas, El Dorado Springs, Mo., and
Leipsic, Ohio. It will also provide Crabar/Witt access to additional
manufactured products produced by Edison.
Amvest, founded in 1976, is a leading national investment banking firm
specializing in mergers, acquisitions, divestitures and related services for
clients in the printing industry. Amvest's value is enhanced by the fact that
some of their professionals have acquired, operated, and sold their own printing
and related companies, providing real world, hands-on experience.
For additional information, contact Charles K. Oppenheimer toll-free at
888-451-9698 or visit our website at
www.amvest.com. ###