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EFI Completes Acquisition of Jetrion LLC

Wednesday, November 01, 2006

Press release from the issuing company

FOSTER CITY, Calif.-- (See Commentary from Andy Tribute about this acquisition in Today's Features) -- EFI, the world leader in color digital print servers, superwide format inkjet printers and inks, and print management solutions, today announced it has completed its acquisition of Jetrion LLC, a subsidiary of Flint Group Incorporated, for approximately $40 million in cash. The acquisition is an all cash transaction. Jetrion is a leading innovator of inkjet printers, inks and custom printing systems for the label and packaging industries. The acquisition is expected to add between $3 million and $5 million in revenues to EFI's fourth quarter results with an immaterial impact on pro forma earnings. For the full year 2006, Jetrion is expected to post revenues of approximately $16 million to $18 million. The Jetrion products are currently anticipated to show top line growth of 30-40 percent in 2007 and again have an immaterial impact to pro forma earnings as EFI makes investments to expand the Jetrion product line and distribution. See commentary from Andy Tribute about this acquisition in Today's Features

 

 

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