FiberMark and conVerd Merge
FiberMark’s wide-format print product line will adopt the conVerd brand name.
FiberMark has announced that conVerd has agreed to a merger with FiberMark North America. conVerd will become a part of FiberMark’s wide- and grand-format inkjet business; FiberMark’s wide format print product line will adopt the conVerd brand name.
“This is a very exciting acquisition for FiberMark and it is a perfect fit with our existing wide-format inkjet business,” says Chris McInerney, FiberMark’s senior vice president of sales. The conVerd product line and the FiberMark wide-format inkjet product line are both US-manufactured, PVC-free, and FSC-certified. The combined FiberMark-conVerd business will, unquestionably, be the leading provider of green, PVC alternative print media for the wide and grand format digital print markets.”
Paul Paulette, the current owner and president of conVerd, will join FiberMark as vice president and general manager of the new conVerd/FiberMark business unit, the companies report.
“The conVerd-FiberMark combination will enable conVerd to dramatically accelerate our growth opportunity,” says Paulette. “Adding conVerd’s unparalleled product line and marketing acumen to FiberMark’s superior customer service, manufacturing, and logistics capability will enable conVerd to grow at a rate that will give a meaningful and immediate boost to FiberMark’s top line.”
The deal is expected to close in mid-April. The new conVerd division of FiberMark will exhibit at the 2014 ISA Expo in Orlando.