Spear buys Precision Printing and Packaging from Anheuser-Busch

Spear buys Precision Printing and Packaging from Anheuser-Busch

Spear buys Precision Printing and Packaging from Anheuser-Busch
 
Spear, a Mason-based supplier of labels to the Procter & Gamble Co. and other companies, bought the Precision Printing and Packaging unit from St. Louis-based Anheuser-Busch today for an undisclosed sum.
 
The unit, which produces 28 billion labels each year for Anheuser-Busch and other beverage, food and consumer products companies, had annual sales of $70 million in 2007 and is located in Clarksville, Tenn.
 

Besides the Mason plant, Spear operates plants in Milford, N.H. and Fulton, N.Y., with operations in the United Kingdom and South Africa.

In addition to Anheuser-Busch, key customers include Bacardi, Coke, Diageo, Grupo Modelo, Heineken, LOreal, Neutrogena, Pepsi, Proctor & Gamble and SABMiller. No layoffs are expected.

In fact, were planning on expansion, said Dan Muenzer, spokesperson for Spear. Mexico and Southeast Asia are likely to be regions where Spear will expand in 2009, he said.

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