Signet LLC is merging its holding companies BindTech LLC and Finish Line Binderies LLC, bookbinders located in Nashville and Cleveland, respectively. Finish Line, a bookbinder specializing in perfect and mechanical bookbinding, will be fully integrated with BindTech, a bookbindery service provider, and adopt the latter company’s branding. The integration of the two companies will improve the customer experience for both client bases by streamlining fulfillment processes, which will speed up turnaround times and improve logistics. “There is tremendous consolidation occurring in the print bindery and fulfillment industry,” Anthony Manna, chairman of Signet, said in a statement. “This merger will allow for a much stronger position in the market as we leverage the strengths of both plants, which come together to form one formidable brand.” Management will now be able to leverage both plants’ strengths, which will present many benefits to their respective client bases. The merger also eliminates conflicts for the client base with the two binderies in potential competition for market share. Company leadership also announced the promotion of David Marvin to division manager of the Cleveland plant (formerly Finish Line), and the hiring of Mackenzie Koupal to the position of division controller of the Graphic Arts Group. Company leadership expects the two companies to be fully integrated by the third quarter of 2018.
