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Evtec Acquired by ILF Technologies

ILF Technologies has acquired the Evtec Corporation. The closing was held in Chicago on Friday, February 21, 2003.

ILF Technologies is a leading supplier of inline finishing equipment primarily for the heat set commercial printing industry. This product line was also previously sold under the Versa Tech and Baldwin names.

Evtec is the leading supplier of precision sheeters for the forms, converting and commercial printing industries with hundreds of installations worldwide. The product line also includes the previous DATM, Hayes and Egan installation base.

ILF Technologies is affiliated with Milan's Machining & Manufacturing. Milan's Machining has been in business since 1969 providing precision-machined parts to a variety of industries including printing. It is one of the largest precision machine shops in the Midwest and is a major supplier of printing press parts. Milan's Machining has also manufactured major Evtec components.

The combination allows ILF Technologies and the newly acquired ILF Evtec product line to have complete control over all manufactured components including critical tolerance items. It also provides a great resource base of operations and financial stability.

ILF Technologies is a world-leading supplier of web finishing solutions for the printing and converting industries with over 500 installations worldwide.

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