Proforma Acquires Hyde Brothers Printing Company
Proforma Third Degree Marketing, Akron, Ohio, and Proforma Excalibur Business Solutions, Massillon, Ohio, teamed up to acquire Hyde Brothers Printing Co., Marietta, Ohio. Terms of the deal were not disclosed.
“Selling our business to Proforma was a win-win situation,” said Lew Camp, of Hyde Brothers Printing. “We have been providing commercial printing services for more than 100 years and we want to continue grow and serve our customers with the best products and services we can.
Proforma is the industry leader in graphic communications, so it was a no-brainer that this relationship will help us continue to thrive and help our clients achieve their business goals.”
Steve Flaughers, owner of Proforma Third Degree Marketing, and Dick Kulick, owner of Proforma Excalibur Business Solutions, completed the acquisition by using Proforma’s Mergers and Acquisitions program, which is designed to help Proforma owners identify, develop and complete merger and acquisition opportunities. The program guided Flaughers and Kulick through the buying process, including structuring the deal and arranging for a personal “Discovery Day” at Proforma’s Support Center for the sellers.
"Pursuing acquisition opportunities was the next step in significantly growing my business, and purchasing Hyde Brothers will more than double my sales this year,” Flaughers said. “I had no previous experience in negotiating or buying another business, but with the help of Proforma’s Mergers and Acquisitions Team, it was easier than I could have ever imagined to achieve this level of success. We’re looking forward to elevating the Hyde Brothers brand by providing clients with innovative, cutting edge marketing support."
ow known as Hyde Brothers Printing and Marketing, Flaughers and Kulick, will extend the business’ offerings to include promotional items, multimedia services, branded apparel, mobile marketing, website design and more.
“Proforma’s Mergers and Acquisitions team played a key role in securing this deal,” said Kulick. “Relying on their expertise gave us peace of mind. Steve and I could keep focusing on what we do best—selling—and we let the [Mergers and Acquisitions] team do the heavy lifting.”
For more information, visit www.onlyproforma.com.