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Grafikom acquires Speedfast Color Press

Wednesday, July 05, 2006

Press release from the issuing company

TORONTO, July 4 -- Grafikom LP announced today the acquisition on June 30th of Speedfast Color Press Inc. in Edmonton, Alberta. Speedfast Color Press, privately owned and operated by President Mike Steiner, provides commercial printing and mailing services out of two locations in Edmonton and employs 65 individuals. Founded in the early 1960's and purchased by Mr. Steiner in 1998, Speedfast has established a solid reputation with a dedicated and loyal customer base by offering uncompromised quality, service, reliability and integrity. The addition of Speedfast to the company's current Edmonton location, grafikom.Jasper, will substantially increase Grafikom's presence in this city. Mr. Steiner will assume responsibility for both of the Edmonton operations as President. With two additional facilities in Calgary, the western arm of Grafikom has solidified its position as one of the largest printing groups in Alberta. "Our attraction to Speedfast was based upon the operational excellence and reputation that Mike and his people have built. Speedfast shares the same dedication to customer satisfaction and innovation that are at the core of Grafikom", says Mr. Aivars Beikmanis, President and CEO of Grafikom. "It is a natural fit with many synergistic opportunities for customers and employees, and is indicative of our continued support of a strong western Canadian economy." According to Mr. Steiner, "We are very excited about the transition and the benefits that it will bring to our customers. While it will be business as usual, by joining Grafikom, we will be able to leverage the efficiencies of being part of a larger organization while at the same time having access to extended resources, increased capacity, expanded geographic coverage and a broader range of products and services to bring to our customers."

 

 

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