Rich Hoffman Acquires All Outstanding Shares of M&R
Rich Hoffman, President and CEO of M&R, has assumed sole ownership of Glen Ellyn, IL-based M&R, a manufacturer of graphics and garment screen-printing equipment and related machinery. The move is designed to enhance the company’s responsiveness to changes in the marketplace and ensure long-term growth and stability.
"Over the past year or two, fragmented ownership began to interfere with our efforts to move M&R forward," says Hoffman. "However, that is now behind us, and a re-energized M&R is poised to continue expanding its presence in the industry, both inside and outside the US. "The issue is less about ownership, and more about M&R's ability to move quickly and decisively in a constantly changing market,” he explains. “Sole ownership also means that we can afford to take the long view. Far too many companies—in all industries—are forced to sacrifice financial stability, research & development, and long-term growth for short-term gains.” M&R is preparing to expand production capabilities at its European factory in Poland and add staff to its Austrian office. This follows the recent expansion of its regional office in China. The company reports strong sales growth in Europe and Asia, as well as in North and South America.