MPE Partners, an American private equity firm with offices in Boston and Cleveland, has invested in Inkcups. The outlay will help accelerate Inkcup’s five-year growth plan and expand into new markets and territories.
The investment will also support development of new Inkcups printing systems as well as bolstering the company’s global sales and customer support network.
Ben Adner, the founder and CEO of Inkcups, will remain in his position and will work alongside MPE to grow the company globally and further establish Inkcups as a name brand.
Mr Adner commented, ‘It is an ideal time for Inkcups to have outside, professional investment, both from a financial aspect but also from a strategic standpoint. We are leaders in our markets for all three lines of business – digital, pad printing, and tagless – and have cutting edge, innovative product lines and an aggressive five-year growth plan. MPE Partners has a solid track record of helping companies just like Inkcups get to the next level. We believe that with their resources and guidance, coupled with our strong team and game plan, Inkcups will be able to achieve its goals and provide significant value to our customers.’
Michael Duffy, vice president at MPE, added, ‘We are looking forward to partnering with Ben and the rest of the Inkcups team to accelerate the company’s growth by making continued investments in product development, customer support, and geographic expansion.’
