Advertek Prepares to Open New Plant
On November 15, Advertek is to begin operating out of its new 30,000 square foot printing plant, designed by co-owners Joe Montalbano and Simon Spina.
Construction on Advertek’s new plant (located at 100 Innovation Dr. in Vaughan, Ontario) began in June 2010 after months architectural and business planning.
Advertek was founded 14 years ago and Montalbano and Spina took over ownership, along with a third partner no longer involved in the business, back in 1999. At the time, Advertek was an 8-employee shop running a 4-colour Solna press and turning over about $800,000 in sales every year.
At just 45 and 46 years of age, respectively, Montalbano and Spina have enacted 5-year business plans to grow their printing business, since taking ownership. The business partners hope their new facility will double Advertek’s annual sales revenue, currently generating about $9 million, within the next five years.
For a more complete report on Advertek’s new venture, please see the cover story of PrintAction‘s August 2010 issue.