Webcom Inc. of Toronto signed an agreement to acquire York Bookbinders, a 34-year-old business specializing in hardcover book-bindery services. The deal is expected to close on April 27, 2018, and will add 7.5-million hardcover books per year to Webcom’s manufacturing capacity.
The acquisition also boosts Webcom’s digital book manufacturing investments, which the company pegs at $30 million over the past few years. Webcom explains the purchase reconfirms its commitment to meet a growing publisher demand for unique casebinding capabilities.
This is Webcom’s second expansion of its casebinding services in 2018, following the recent investment in digital casebinding systems from GP2 Technologies.
“The integration of York Bookbinders into Webcom’s Toronto manufacturing facility significantly improves Webcom’s capacity to support book publishers with cost competitive, responsive service for hardcover books in quantities ranging from book of one to thousands of copies,” said Mike Collinge, President and CEO of Webcom. “This acquisition will augment Webcom’s current POD, ASR, digital inkjet and softcover production capabilities supporting Canadian and global book publishers with an efficient, full-service North American book manufacturing and distribution hub.”
New capabilities allow Webcom to meet the high-quality standards for NASTA-compliant educational titles, library bookbinding and a range of elaborate casebound book formats. Webcom explains the addition of York Bookbinders’ skilled hardcover book operators, customer base and modern binding equipment aligns with its goal of full service manufacturing support of global and mid-size publisher needs.
“York Bookbinders’ current customer base of Canadian trade printers, brokers and agencies mirrors Webcom’s Coatings Canada division customer base,” said Collinge, “It is an opportunity to improve our competitiveness and create compelling product offerings for our trade customers by combining coating finishing and bindery services.”
The management of both companies is developing a 6-month transition plan to consolidate equipment and operations at Webcom’s plant.