Makers of digital Business Cards in the Mississauga will be contemplating how the sale of a Print solutions company to a larger printing firm nearby will affect their business and what services they offer. Oakville-based Embassy Digital has been sold off to Toronto’s Astley Gilbert, the full-service image and Print solutions provider.
The former president of Embassy Digital, one Bryan Payne, confirmed that he himself sold the provider of Print solutions to Astley Gilbert; he established Embassy Digital 20 years ago. He stated that he wanted to indulge in the fruits of his labors and that the timing for the sale of his company came at precisely the right moment.
At the same time, Payne also sold Canada Yearbook Company, a company he bought only three years ago. The buyer in that deal is Curwin Friesens, who assures everyone that no staff will be terminated because of the deal. The deal is expected to increase the market share in the Ontario marketplace.
Payne is expected to remain on during the course of the sale and deal to help with adjustments in the transition period.
Embassy Digital is a provider of in-demand Print solutions that employs the latest in digital technology. It sees itself as an extension of its clients’ businesses, which is why it is focused on customer satisfaction.
Astley Gilbert is a Print company that has 40 years of experience in the field. It started out serving the construction industry, but is today a company that serves many clients across a wide scope of industries.
Digital Business Cards companies in Mississauga should be interested in deals like this because they may provide clues about future merger and acquisition activity in the printing industry.
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