Israel-based Kornit Digital, a manufacturing company focused on the digital textile printing market, announces it has purchased the direct-to-garment printing assets of SPSI, a Maple Grove, Minnesota-based distributor targeting the screen and digital printing and embroidery markets.
Kornit, which has its North American headquarters in Mequon, Wisconsin, says the acquisition is highly strategic as it will help improve connectivity with customers by expanding its leadership position in the digital textile market as well as providing direct access to a large number of traditional screen printing customers.
Kornit and SPSI have been partners since 2004, with SPSI serving as a distributor of Kornit’s digital printing solutions in the majority of the western United States. SPSI’s network of logistics and marketing locations in Minnesota, Texas, Kentucky and Kansas has contributed to the successful development of a broad base of customers that utilize Kornit’s solutions in the regions on which SPSI focuses, according to the two companies.
The companies want to assure customers that their respective management teams will collaborate closely to ensure continuity in customer-facing, day-to-day operations and contacts will remain intact along with all existing ordering processes until a proper transition can be executed. In connection with the transaction, Tom Codute, SPSI’s president, will dedicate significant focus and attention to ensure continuity during the integration period and beyond.
The acquisition will not affect the collaboration between Kornit and Hirsch, the company’s other large distributor in the Eastern half of the United States and California.