Consolidation of Repro Firms Creates Regional Industry Powerhouse
Press release from the issuing company
New Company Unites Management, Power and Technology of American Reprographics Company's Mid-Atlantic Network in Maryland, Washington, D.C. and Northern Virginia
WASHINGTON, D.C.--Dec. 17, 2001-- Three of the area's leading providers of reprographic services and technology, Reprographic Technologies, Ridgway's and Leet-Melbrook, have announced their merger into a single company.
All three companies are owned by the American Reprographics Co. (ARC) and are being consolidated under the Reprographic Technologies name. The new companies together represent $24 million in annual sales, and operate seven full-service digital production facilities throughout the region.
The new senior management team, each retained from their respective firms, consists of Mike Canino, president (formerly with Ridgway's), Blaise Nealon, chief operating officer (formerly with Reprographic Technologies), and Jaimie Penrod, vice president of sales (formerly with Leet-Melbrook). Leet-Melbrook will become a divisional brand of the new RT, representing its expertise in microfilm service. The Ridgway's name in downtown D.C., Fairfax, Va. and Bethesda, Md. will be retired. Other regional Ridgway's locations in New Jersey, Philadelphia, Virginia Beach, Norfolk and Newport News, Va. are unaffected by the merger and will continue to do business under the Ridgway's name.
According to Canino: "The reprographic network that ARC has developed in the Mid-Atlantic region has grown to the point where we can offer more to our customers as a large, single organization rather than as three separate companies. As one company, we'll be leveraging a tremendous amount of technical expertise, capacity and service under a coordinated and experienced management team.''
As a consolidated operation, the new RT will be able to leverage their regional network to offer integrated digital "distribute-and-print'' capabilities. Moving away from centralized production methods allows Reprographic Technologies to transfer files to locations closest to the customer for printing and delivery, offering same-day delivery in many areas under a wide variety of circumstances. This capacity also dramatically reduces logistics difficulties caused by the region's typical traffic and congestion.
"This market is incredibly dynamic and exciting, and deserves a reprographics company able to meet the significant challenges that a growing metro area presents,'' said K. "Suri'' Suriyakumar, president and chief operating officer of American Reprographic Co., RT's corporate parent. "With the acquisition of several exceptional companies in the area, technical support resources second to none, and the application of our nationwide resources, we've built a great team for our customers in the Mid-Atlantic to count on.''
Reprographic Technologies will continue to offer hallmark services of ARC such as its online work orders, comprehensive on-site service programs, and PlanWell(TM), ARC's online construction document management service, which enables architects, engineers and construction professionals to view plans online and place print orders via the Web. In addition, ARC's Technology Center and its consulting staff in Silicon Valley will support the local IT staff of the consolidated RT.
The corporate location of Reprographic Technologies will serve as the headquarters for the consolidated company at 2000 L Street NW in the heart of Washington's downtown business district. Three reprographic shops will be closed to streamline operations in Maryland, Washington, D.C., and Virginia. Ridgway's downtown Washington, D.C. location will merge with Reprographic Technologies' L Street location. RT's Gaithersburg, Md. location will be consolidated into the Leet-Melbrook facility in the same city. In Tysons Corner, Va., the Ridgway's location will be combined with RT's branch at 8478 Tyco Road.
The new RT's seven current locations include: metro Washington, D.C., Tysons Corner, Alexandria, Va., and Baltimore, Gaithersburg, Bethesda and Towson, Md. The new RT will employ a total of 165 people.
Founded in 1922, Reprographic Technologies is the largest division of the American Reprographics Co. on the East Coast. It is a diversified provider of reprographics and digital imaging services and equipment. A recent consolidation merged Leet-Melbrook of Gaithersburg, Md., and the Washington, D.C. branches of Ridgway's into a single operating unit under the RT name. The new company represents $24 million in sales throughout the region. For more information, visit www.repro-tech.com. For more information on RT's parent company, American Reprographics, visit www.e-arc.com.
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