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Base-Line Inc. Acquires Pennan Distribution

Tuesday, August 14, 2007

Press release from the issuing company

Shelton, CT, August 2007 – Base-Line Inc., the leading manufacturer and distributor of press and prepress supplies, announced today the acquisition of Pennan Distribution, the leading producer of offset metal plates, and a diverse array of products for the graphics arts industry including ink jet media, chemicals, Digital and Conventional offset plates, films and prepress plastics.
The asset acquisition further expands Base-Line’s product offering and will enable the company’s dealers to access a wide range of high quality offset metal plates including the “LEGEND” offset plate for analog, Thermal and Violet CtP. The acquisition will also enable Base-Line’s dealers to receive lower distribution rates and streamline their operating costs by purchasing all of their press and prepress supplies from a single source.
“Pennan’s dedication to high quality products and commitment to customer service aligns with Base-Line’s business philosophy and approach,” said Howard Harper, president and chief executive officer, Base-Line. “Adding offset plates to our product offering reaffirms our commitment to providing Base-Line’s dealers in North America and abroad with high quality products on a “one stop shop” basis at the most competitive prices.”
Brian St. Pierre, President of Pennan added, “This is a great opportunity to grow our mutual businesses and continue to serve dealers in the graphics arts network with products they trust and rely on. With Base-Line’s solid industry reputation, track-record of growth and expansion, as well as their commitment to customer service, I’m confident this is the right move for Pennan and the people we serve.”




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