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Distributor Agreement Announced on Sheetfed Presses Manufactured by Mitsubishi

Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. (MHI-PPM), one of the world’s largest graphic machinery suppliers, today announced that the company has agreed in principle with RM Machinery Inc. (RMM) that RMM will be the exclusive authorized distributor of sheetfed offset presses manufactured by MHI-PPM. RMM will also be authorized to distribute commercial web and newspaper presses manufactured by MHI-PPM. In addition, RMM will supply parts and award-winning service for the existing Mitsubishi sheetfed press base in the United States. MHI-PPM and RMM are holding discussions to finalize the detailed conditions of the distributor agreement, which will commence January 1, 2014.

MHI-PPM and RMM will focus further on the graphic communications industry and provide all of their existing and new customers with new equipment sales and after-sales parts and service.

In the future, MHI-PPM and RMM hope to expand the scope of the distributor relationship to include products to be manufactured by RYOBI MHI Graphic Technology Ltd., a new joint venture that MHI-PPM and Ryobi Limited are planning on establishing by integrating their respective sheetfed offset printing machine businesses, as previously announced on June 20, 2013.

With this distribution system, MHI-PPM and RMM seek to meet market needs and exceed customer expectations by offering all Mitsubishi customers the best technology in the industry and newest advances in aftermarket services. The synergy between PanPac and RMM will enable customers to get top dollar for their trade-in presses on new presses. Customers will also experience a new concept in rebuilding and reconditioning presses for the greater benefit of users.

RMM was established in 2013 in New Jersey by Mr. Rahul Kaushik, President of PanPac LLC, one of the largest used printing machinery dealers in the United States, and Mr. Marke Baker, Senior Vice President of Mitsubishi Heavy Industries America, Inc. (MHI-A). Mr. Baker, head of MHI-A’s Printing Machinery Division, will serve as President of RMM.

Most of the team members from the MHI-A Printing division intend to transfer to RMM. RMM will maintain a multimillion-dollar inventory of spare parts in the Philadelphia area.