Rayacom Group based in Edmonton, Alberta, purchased the assets of Generation Printing of Vancouver, BC, and states the move will allow it to launch a new West Coast trade printing division. As part of the acquisition, Rayacom is adding a 40-inch Heidelberg CD102-6LX3 press with an anilox coater, factory UV prep, and a triple extended delivery, as well as an HP Indigo 5500R press.
By acquiring Generation, which was founded nearly 20 years ago by Edward and Rob Kouwenhoven, Rayacom explains it increases its total production space by 30,000. Rayacom previously had 11 branches across Canada including locations in Toronto, Regina, Saskatoon, Edmonton, Red Deer, Calgary, Kelowna, Burnaby and Vancouver.
A statement from Rayacom, which was founded in 2004, explains the Generation asset purchase will allow it to “reach new markets and better serve agencies and brokers within the trade printing market,” while also printing on larger sheet sizes, produce metallic prints and work with 48-point cardstock.
“Generation Printing is a significant player in the Vancouver market, with unique manufacturing capabilities and strong complimentary customer relationships,” said Austin Tran, Rayacom Group’s CEO. “With immediate synergies, this transaction enhances our market presence in the West Coast, and significantly elevates our manufacturing capabilities while improving our ability to unlock capacities in our various stores across Canada.”
Generation Printing will continue to operate as an individual entity. “Rayacom's national footprint and innovative approach to printing makes them the perfect company to take our organization to the next level. This strategic acquisition will create more and better choices for our customers and we anticipate a seamless transition,” said Edward Kouwenhoven, CEO of Generation Printing.
Rayacom Buys Assets of Generation Printing
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