November 15th – Burr Ridge, IL. GSI Technologies is pleased to announce the sale of its Industrial Graphics business unit, the label, nameplate and overlay division, to Cypress Multigraphics, LLC, headquartered in Tinley Park, Illinois.
“This sale is a result of a working relationship between two customer-focused, custom label companies that mutually determined the combined complementary capabilities would be a strong additive offering for GSI and Cypress customers,” stated Dave Austin, GSI Technologies President and COO. “The goal of the combined businesses is to continue to deliver innovative solutions and superior quality labels backed by best-in-class customer service. Our complementary manufacturing operations will drive opportunities to provide customers with additional value and services.”
GSI’s label division will be transitioning to Cypress over the coming weeks. The Functional Printing business unit including all printed electronics manufacturing will remain with GSI Technologies in Burr Ridge, Illinois.
Cypress Multigraphics is a full service, innovative label company that specializes in flexographic, screen and digital label manufacturing for a variety of market segments. Cypress is ISO-9001 2008 registered and has broad experience in industrial applications including medical, nutraceutical, industrial and consumer applications. With locations in Tinley Park (Chicago), Illinois and Brooklyn Center (Minneapolis), Minnesota, Cypress has grown significantly while retaining a strict adherence to the quality and the unique labeling needs of its customer base.
Brad Weber, President of Cypress, mentioned “GSI’s unique capabilities and customer segments fits very well with our target market and our proven strategy of investing in high quality manufacturing operations and unique customer applications. We look forward to the integration of GSI’s business and the growth opportunities we continue to develop.”
About GSI Technologies
GSI Technologies is a Burr Ridge, Illinois-based manufacturer of printed electronics and industrial graphic label products. It was founded in 1985 as a label and nameplate brokerage by Suzanne and Bob Zaccone. Through the years, it has expanded into printing pressure sensitive labels and nameplates as well as conductive printed electronic products including contactless card antennas, electroluminescent lamps, diagnostic and therapeutic medical electrodes, printed conductors and smart card inlay assemblies. Since 2004, it has been a part of Thrall Enterprises, a family-owned holding company with corporate offices in Chicago.
About Cypress Multigraphics
Cypress Multigraphics, LLC was originally founded in the late 1970s, specializing in durable labels for the appliance industry using Letterpress Printing technology. The company outgrew two previous manufacturing facilities and is now headquartered in Tinley Park, IL. A second production plant (formerly Decal Minnesota) in Brooklyn Center, MN was acquired in 1999. Over the years Cypress has added new state-of-the-art Flexographic, Digital, and Screen Presses across all of its production capabilities and is servicing multiple industrial segments through its growth.