Industry News | November 04, 2019
Stouse LLC Acquires Magna-Plus Inc.
Stouse LLC, a portfolio company of Minneapolis-based Goldner Hawn, has acquired Magna-Plus Inc., a well-known wholesale provider of custom printed labels, magnets and other promotional products, effective Oct. 25, 2019.
Magna-Plus, headquartered in Kansas City, Kansas, was founded in 1993. For 27 years, Marianne D’Amato and Tom Eaton owned and operated the business in their sole manufacturing facility. Magna-Plus has grown over two and a half decades and now serves distributors nationwide in the promotional products and commercial printing sectors. Magna-Plus is known for an exceptionally high level of service to its customer base and high-quality printing and conversion from its digital and conventional equipment.
“We are pleased to welcome Magna-Plus into the Stouse family,” stated Clay Davis, president and CEO of Stouse. “Tom and Marianne have built a strong legacy of product and customer service excellence, and the addition of their team and product solutions will enhance our business and help us continue our strategic growth.”
“Magna-Plus has a solid track record of product innovation and service to trade partners,” added Nikkie Freeman, chief commercial officer of Stouse. “We are excited to join forces for this next chapter in both of our organizations’ continued success.”
Tom Eaton, president of Magna-Plus, commented, “Marianne and I are proud of the company and team we have built since 1993, and we cannot think of a better partner than Stouse to have for the next phase of our growth. The Stouse team shares our passion for serving our customers.”
Stouse LLC continues to invest heavily in digital printing technology, acquiring three new digital presses in 2019 alone. In addition, the company has revamped its entire digital marketing platform and expanded its product offerings throughout the year. Later this year, the company plans to launch a highly customized and comprehensive line of paperboard folding cartons to serve the rapidly expanding market demand for personalization. “Stouse is listening to its customers and the market, and is investing heavily to meet their ever-changing needs,” said Freeman.
Stouse recently made PSDA's Top Trade Printer rankings at No. 9. Read the deep dive featuring Nikkie Freeman.
Press Release Mergers and Acquisitions