Wabash, Indiana, November 6, 2017
Martin Yale Industries, LLC, a portfolio company of Michigan based LV2 Equity Partners, is announcing its second bolt-on acquisition in the last two years with the acquisition of Dry-Lam, LLC, located in Shawnee, Kansas. Dry-Lam is a leading distributor of laminating equipment and films to the office product and commercial print finishing markets. As we welcome Dry-Lam into the Martin Yale group, we believe that their expertise in laminating machines, films, transparencies, and tissue will greatly contribute toward expanding our product offerings and service.
“Dry-Lam’s primary distribution channels, office products and commercial print, closely mirror our current go to market channels,” states Greg German, President of Martin Yale. “It is exciting to add laminating to our product portfolio. This acquisition enables us to leverage already existing relationships of the two companies giving strong Dry-Lam customer access to Martin Yale products and strong Martin Yale customers access to leading lamination products,” German adds.
The acquisition of Dry-Lam, LLC, positions Martin Yale to offer a greater variety of product to the print finishing and office markets - from lower volume desktop machines to high speed, automated trimming floor models. As part of the acquisition, Dry-Lam’s distribution center will be relocated to Martin Yale’s facility in Wabash, Indiana. This move will increase capacity and efficiency, as well as ensure that the high standard of customer service and technical support that Dry-Lam has been known for continues.
About Martin Yale Industries, LLC
Martin Yale Industries is a United States based manufacturer of print finishing, office, and mailroom equipment designed to make work life more productive. Founded in 1940, Martin Yale has over 75 years of experience designing, engineering, and manufacturing quality products for print shops and offices.
About LV2 Equity Partners, LLC
LV2 Equity Partners is a Midwest based, operationally focused private equity group whose objective is to acquire and grow niche manufacturers, value-added distributors, and specialty service companies.