Goss International Corp. Completes Acquisition of Goss Graphic Systems Assets
Press release from the issuing company
Westmont, IL (February 19, 2002) – Goss International Corporation today announced its acquisition of the assets of Goss Graphic Systems, Inc., together with the shareholdings in its international operations.
CSFB Global Opportunities Partners, L.P., the majority shareholder of Goss International, is associated with Credit Suisse First Boston. Additional investors include JPMorgan Chase Bank, LBI Group, Inc., an affiliate of Lehman Commercial Paper, Inc., and DK Acquisition Partners, L.P.
"Our owners’ long-term investment approach, combined with the new company’s very modest level of debt, provide Goss International great financial stability which will give us an enormous advantage in meeting our business objectives and satisfying our customers’ needs," said Joseph P. Gaynor, III, Executive Vice President and Chief Financial Officer.
Goss International will sell a full range of single and double width press systems to newspaper and commercial printers throughout the world.
In addition, Goss International will provide complete installation services, parts and aftermarket support.
Goss’ European and Asian operations will continue to play a major role in the new company’s global activities as the principal source of the company’s newspaper press systems.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.