Integria Inc. Successfully Completes Management Buyout
Press release from the issuing company
MONTREAL, July 6 Integria Inc. has completed the management buyout in which the Quebec-based company has purchased all shares and facilities of Bowne de Montreal, Inc. from Bowne & Co., Inc. of New York. The new company Integria Inc., with sales of $30 million and 170 employees at its Saint Laurent plant, will focus on expanding its fully integrated commercial printing and multimedia operations. The financial printing services segment of the Montreal operations will continue to be owned and managed by Bowne of Canada, Ltd. and will be supplied with print manufacturing services by Integria on an exclusive basis.
Jamie Barbieri, Integria's President, CEO and majority shareholder, said "this transaction allows us to focus on opportunities in the commercial printing and multimedia markets while continuing to provide printing services to Bowne of Canada, the continuation of a valued relationship. We are proud of our heritage," added Mr. Barbieri "and enthusiastic about the prospects for growing what we believe to be a unique full service solution for our customers. In our evolving markets and industry, we believe that our integrated approach and dedication to quality provides our customers with an important competitive advantage," said Mr. Barbieri.
Jeff Chipman, President of Bowne's Canadian Region, said that "our colleagues at Integria know the demanding requirements of the financial transaction market and our long-term services agreement with Integria is designed to fully meet the needs of our customers." Mr. Chipman added that "Bowne's Montreal-based financial sales, typesetting and customer service personnel will soon relocate to new downtown offices within walking distance of the Montreal legal and financial community."
Integria Inc. is a leading integrated media services company providing full electronic pre-press, print production, digital print, multimedia and Internet services to clients in Quebec, across Canada and in the United States. With 24-hour ISO 9002 certified operations, Integria has built a solid reputation for personal "can do" service, quality control, confidentiality, and on-time delivery at competitive rates.
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