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Comprising its 17th printing industry acquisition, Des Moines, Iowa-based Mittera has acquired select business assets of Creel Printing, currently operating in Las Vegas under the ownership of Allan Creel. The 250,000-sq.-ft. sheetfed and web offset Creel production facility in Las Vegas is not being acquired and will be shut down in the coming months, impacting nearly 300 workers.
Creel Printing CEO Allan Creel
It marks an unusual chapter for what had been regarded by many as one of the more progressive, independent, family-owned printing companies.Third-generation printer Allan Creel reacquired the former Creel headquarters plant in Las Vegas last October from LSC Communications, which his family had sold to LSC Communications in July 2017, prior to LSC filing for Chapter 11 bankruptcy protection.
Jon Troen
It appears that 16 may be the lucky number for Mittera CEO Jon Troen. That s because his latest acquisition the 16th M&A deal completed by the Des Moines, Iowa-based printing industry powerhouse is a really big one. Mittera has acquired the assets of fellow national printer Trend Offset Printing.
Headquartered in Los Alamitos, Calif., Trend Offset is a primarily web offset and digital printer serving the retail, magazine, catalog, and direct mail advertising segments. Aside from Los Alamitos, Trend also operates production facilities in Avon, Ct.; Jacksonville, Fla.; Charlestown, Ind.; Reno, Nev.; Pineville, N.C.; and in Carrollton and Arlington, Texas.