October '19

For the Business of Apparel Decorating

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1 0 P R I N T W E A R O C T O B E R 2 0 1 9 1 0 P R I N T W E A R O C T O B E R 2 0 1 9 BUSINESS WATCH Prism Inks Celebrates 20-Year Anniversary and Co-Founders SUNNYVALE, Calif.—Prism Inks marks its 20th anniversary and recog- nizes its co-founders. Originally found- ed as an offshoot of Topaz Technolo- gies, Prism says Amir Ajanee, CEO and president, and Graham Dracup, vice president of engineering, co-founded the company "based upon a philoso- phy of using world-class manufacturing and development for the benefit of its customers and its employees." Both founders share commonalities in that they both began at Topaz and are immigrants. Ajanee came to the U.S. from Pakistan as a teenager while Dracup originally hails from the United Kingdom and immigrated to work for Topaz. The duo formed Prism Inks with their entrepreneurial skills. "We are true believers in the American dream of working hard to achieve fuller lives and better opportunities for all of our coworkers so that they participate in the success of the company," states Ajanee. "For years, we have shared a portion of the annual profits with our employees so that their hard work is further recognized and rewarded. This is really important to both Graham and me." Dracup adds that he's pleased with the growth and success of Prism but is "far more proud of being able to provide well-paying jobs with excellent benefits to our employees." EFI Announces Completion of Acquisition by Siris Capital Group Affiliate FREMONT, Calif.—Electronics For Imaging (EFI) announces the completion of an acquisition by an affiliate of Siris for approxi- mately $1.7 billion. Both organizations initially unveiled terms of the agreement in April 2019. "This acquisition marks a new, exciting path forward in EFI's 30-year history as a digital imaging technology leader," says EFI CEO, Bill Muir. "With Siris' partner- ship, we will look to create new opportunities for our customers, partners, and EFI employees worldwide." As part of the transaction, the company continues to operate as EFI and will be wholly owned by an affiliate of Siris. "EFI's portfolio of best-in-class solutions presents an exciting opportunity to drive further growth in high-quality inkjet and integrated, digital workflows," states Jeff Jacobson, Siris Executive Partner and EFI Executive Chairman. "I look forward to working closely with management and know Siris is committed to providing the guidance and support needed to help EFI continue ac- celerating the transformation of industries where colorful images matter." Delta Apparel Adds New Jersey and Texas DTG2Go Facilities GREENVILLE, S.C.—Delta Apparel announces the addition of two new facilities for its direct-to-garment printing and fulfillment subsid- iary, DTG2Go. The locations are situated in Texas and New Jersey. "With these new locations, DTG2Go will further improve its speed- to-market and elevate customer service levels with one-day shipping to over half of all U.S. consumers, including those in the key New York City and Dallas metropolitan areas," the company says in an announcement, adding that the expansion will increase fulfillment capacity to support growth anticipated in 2020. "We are thrilled to expand our nationwide footprint with the open- ing of integrated facilities in these important Midwest and Northeast markets," states Deborah Merrill, chief financial officer and president of Delta Group. The new facilities add to DTG2Go's existing network of locations in Florida, Nevada, Iowa, and North Carolina which opened last sum- mer. The company also ships to more than 100 countries worldwide. LAT Apparel Opens Reno Location BALL GROUND, Ga.—LAT Apparel announces the opening of a new distribution center in Reno, Nevada. The new location expands the company's nationwide shipping network. "Reno was strategically chosen as the pivotal location to better serve our west coast distributors and customers," the company says. "Now offering a deeper inventory and expanded 1- to 2-day transit cover- age, our new location also functions as a full-service center which includes pad print services for label change." The new hub also offers same-day pickup for local customers as well as same-day shipping for orders placed before 4 p.m. PT. LAT says the Reno facility also serves as a drop-ship location for many of its distributors' websites.

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