FLM & Paravista Announce Merger
Tuesday, March 03, 2015
Press release from the issuing company
Fairfield, NJ – Paravista, Inc., and FLM Graphics Corporation announced today that they have signed a definitive merger agreement to combine the operations of the two leading graphic communications service providers. The merger positions the combined company as the leader in graphic communications service management, offering a broad portfolio of print, graphics, promotional products, interactive marketing, mobile and immersive technology solutions to help customers manage their marketing and media communications programs.
In making the announcement today, Frank M. Misischia, FLM Group President and Chief Operating Officer, said that the combination of the two companies represents a new force in cross-media and graphic communications service management. “The management team and staff of Paravista have done a fantastic job of building a solid and successful operation providing superior quality and services to the print and graphics community,” he said. “FLM and Paravista share a strong vision and focus to deliver a richer and more comprehensive service offering to creative marketing, interactive media, and corporate communications managers.”
“This merger is all about people,” said Jim Connell, Vice President of Client Services for Paravista. “The people we serve, our customers, as well as the teams of talented, hardworking people who work with us. The people who have helped make us successful and who will continue to make it increasingly possible to deliver quality service solutions to our clients. It is really exciting to put these two dynamic teams together and have them work as one powerful force.”
Supported by FLM’s and Paravista’s highly accomplished team of experts in print, digital imaging, interactive marketing, and creative technology solutions, their combined customer base will enjoy the benefits of a broad range of cross-media services, particularly when they take full advantage of the creative technology and cloud deployment capabilities. Paravista has an outstanding track-record and reputation for quality commercial printing, premium promotional products program management, and online marketing programs. FLM provides innovative solutions for offset and digital print, large format digital imaging, web-to-print, immersive technology media applications, and interactive marketing services.
“We are always looking for ways to help our customers meet their ever evolving consumer and business-to-business communications needs, especially in this new order of doing business where everyone is always connected,” said Connell. “This is another major step in helping us do that for our customers—better and faster. For example, FLM’s creative technology programs for enabling clients with the ability to implement customized web-to-print, interactive marketing, media inventory, and asset management solutions,” he added, “is a perfect complement to Paravista’s Managed Marketing Solutions online ordering and marketing program.”
The merger plan includes consolidating all operations, customer support, data management and administrative systems from Paravista into FLM’s Fairfield, New Jersey, facility and corporate headquarters by April 1, 2015.
Misischia also talked about how the consolidation will “create efficiencies that provide the opportunity to focus our investments on developing more innovative solutions to enhance our customers’ abilities to effectively communicate and connect with their target audiences in any environment utilizing any type of media.”
The financial details of the deal have not been disclosed, however, the terms include a stock ownership agreement between the principals of the two privately held companies.
Paravista’s managing partners, Jim Connell, Michael Spallucci, and Mark Spallucci, will also move their offices from Piscataway to Fairfield, along with their staff, where they will assume executive management roles. Connell will serve as Vice President, Client Services; Mark Spallucci, President of the Promotional Products division; and Michael Spallucci will assume the role of President of the Commercial Print Services business for the combined FLM-Paravista organization. Frank M. Misischia, also based in Fairfield, will continue in his current role, serving as Corporate COO, and Frank L. Misischia as Chief Executive Officer for the merged operations.
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