LBS acquires Massachusetts-based Cover Material Sales
LBS, a Des Moines-based manufacturer and distributor of materials for the production of books and luxury packaging, announced that it has acquired the assets of Cover Material Sales Inc. in Hyannis, Mass., effective July 18. Cover Material Sales has been supplying book cover materials for turned-edge applications to the commercial bindery industry since 1978. It specializes in materials for edition, library binding, menu covers, hospitality items, loose-leaf and high-end packaging applications. Financial terms of the acquisition were not disclosed by LBS, which is employee-owned. “We are excited to blend the outstanding 40-plus-year history of successful sales and customer service provided by Cover Material Sales Inc. into our existing business,” said Rob Mauritz, president and CEO of LBS. “In today’s strong book market, a supplier with a strengthened portfolio of products can only mean good things to the industry as a whole.” LBS will merge CMS’ operations at its Des Moines facilities. The company does not expect to add any staff to accommodate the additional business, using existing staff and processes already in place. LBS has 90 employee-owners.