Cenveo Acquires Valco Graphics in Seattle; Expands Footprint of Services in Northwest
Press release from the issuing company
ENGLEWOOD, Colo.--July 2, 2004-- Cenveo Inc., one of North America's leading providers of visual communications services, today announced the acquisition of Valco Graphics Inc., a high-quality web and sheetfed printer of promotional, direct marketing and publishing products in the Seattle, Washington, market with annual sales of approximately $18 million. Cenveo also announced that it will combine its existing Seattle commercial printing facility with the Valco facility, significantly expanding its presence in Seattle.
"The purchase of Valco Graphics is a key step to expanding our commitment to customers in the Northwest by providing ready access to a more complete offering of products and services," said Paul Reilly, Cenveo's chairman, president and CEO. Cenveo plans to install two 40-inch, six- and eight-color sheetfed presses at the former Valco location to increase current capabilities available to customers. The current Cenveo facility's workforce in Seattle will be absorbed into this location by year-end. The combined operation will have about 145 employees and operate under the name "Cenveo."
"Cenveo's strategy for growth is aligned with our own," says Bob Valentine, the former president of Valco and a leader of the transition team. "Our customers will definitely be better off than ever before because of the ability to tap into the vast resources that Cenveo offers them," he says.
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.