National Print Group Partners with Long Point Capital for Future Growth
Tuesday, December 04, 2001
(Chattanooga, TN) – George Diamantis, President and CEO, of the Chattanooga, Tennessee, based National Print Group, Inc., announced today the completion of an equity investment by Long Point Capital, which will provide National the resources to continue its growth strategy. Diamantis said, "National’s management team will continue to oversee every aspect of the business." Founded in Chattanooga in 1958 as a billboard printer, National has grown to become a leading large format printer specializing in Out-of-Home Advertising and Point-of-Purchase Displays. National Print Group, Inc., includes National Posters (litho), National Posters Digital (digital), and Spectra/National (screen), all based in Chattanooga; Newman/National (small format litho), Knoxville, Tennessee; Southern/National (screen), /Atlanta, Georgia; Mesa/National (screen), Grand Prairie, Texas; and Lansing/National (screen), Lansing, Michigan. Also included are Retail Merchandising Group, an in-store design company, and RMG Media, a fleet side advertising division. National offers a full range of screen, lithography and digital printing processes as well as broad product and service capabilities including design, manufacturing and fulfillment. With the multiple printing disciplines, National serves a base of businesses from the local advertiser to the most sophisticated national and international retail customers. The customer base includes companies such as The Gap, Eddie Bauer, Coca-Cola, Anheuser Busch, and Miller Beer. Commenting on the partnership, Diamantis stated, "We are pleased to partner with Long Point Capital. Because of our recent growth, we sought additional capital to prepare our company for the future. Long Point Capital’s investment gives us the growth capital and support necessary to seek selected acquisitions of compatible companies." "We also intend to continue investing in the technologies that allow us to provide our customers with the excellent service they expect from National. For example, we recently had built, to our specifications, one of the largest in-line screen presses in the United States. The press prints a 72" X 120" image on a variety of substrates," Diamantis said. Long Point Capital is an investment firm that invests as partners with management in a broad range of industries. Long Point Capital aligns itself with outstanding management teams of stable, profitable companies with an emphasis on value creation through growth. With offices in Michigan and New York, Long Point Capital is positioned to provide equity capital for companies located across the U.S. and Canada.