The sale of the assets of Magruder Color to Pochteca Color Company LLC was completed Dec. 16. Pochteca Color has changed its name to Magruder Color, LLC.
“We have provided the new Magruder Color with a substantial capitalization to give the business the financial strength to grow and to serve customers on a timely basis,” said Steve Smith, president of the new Magruder Color.
“The sale to Pochteca Color gives the new Magruder Color the foundation to invest in the business to meet customer expectations and to be a lasting business partner” said Joel Weissglass.
“This sale enables Magruder Color to continue to supply our customers with the quality, specialty products and service that they have enjoyed from Magruder Color for many years” said Evan Weissglass.
In the new Magruder Color organization, Evan Weissglass becomes executive vice president, sales and marketing; Jay Roger Weissglass, executive vice president, operations and human resources; and Joel Weissglass, executive vice president, administration and secretary. Most of the current staff of Magruder Color will remain with the new company.