The printer, Vista Graphic Communications LLC, announced yesterday that it has acquired Centennial Press-Printing and Mail for an undisclosed price. The deal becomes effective Oct. 31.
Vista founder and President Tim Rolfsen said Centennial's direct-mail capabilities and associated service of data analysis complemented his company, so he approached the Connor family a year ago to discuss the idea.
Steve Connor Sr. owns 80 percent of Centennial and his son, Steve Connor Jr., owns the balance. The father was not initially looking to sell the company, but later decided to part with it as an exit strategy, Rolfsen said.
Steve Connor Jr. is joining Vista as manager of the plant, which will remain at Vista's current 7915 E. 30 St. headquarters.
An attempt to reach the Connors for comment was not successful.
The combined company is expected to generate $7.9 million in sales next year and $9 million by 2011. Eighteen Centennial workers are anticipated to join Vista to make a total roster of 36.
It's the second such merger in Indianapolis in recent months. In July, Printing Partners Inc., one of the largest commercial printers in the area, acquired Budget Direct Mail for more than $500,000, also in an attempt to vertically integrate.