STAMFORD, Conn., Feb. 12 -- Robert G. Burton, Sr., Chairman and Chief Executive Officer of Cenveo, Inc., announced today that the Company has acquired Printegra Corporation, a portfolio company of Huron Capital Partners LLC, in an all cash transaction. Printegra and its divisions, National Imprint Corporation and Synergy Label, are some of the top brand names within the short-run printing industry. As a market leader with a longstanding operating history in providing custom short-run printing solutions to the business communication market, Printegra generates annual revenues of approximately $90 million. The transaction is expected to be accretive to earnings in 2007. Terms of the transaction were not disclosed.
Printegra operates thirteen strategically located facilities across the United States. The 780-employee company is recognized for its high level of customer service, high-quality production, on-time fulfillment, and ease of transaction processing. Printegra's product line of printed business communication documents, regularly consumed by small and large businesses, include laser cut sheets, envelopes, business forms, security documents, and labels. Its primary customer focus is the distributorship base along with other significant resale channels.
Mr. Burton stated:
"Printegra's presence in the industry coupled with its reputation as a high-quality provider of services is a natural enhancement to our already strong envelope, forms and label operations. This strategic acquisition immediately establishes Cenveo as the leader in the growing market for short-run and highly-customized printed products. The combination of these market leaders is a powerful opportunity to solidify our position as the leading competitor in the custom envelope print market. Additionally, Printegra's outstanding relationships with their customer base will provide significant growth opportunities for Cenveo. I look forward to welcoming the talented and dedicated employees of Printegra to Cenveo."
Mr. Burton concluded:
"As we have with our announced agreement to acquire Cadmus, the acquisition of Printegra continues to deliver on our commitment to grow the Company in higher growth sectors of the printing marketplace. We will continue to look for growth opportunities in segments that strengthen our core business. I look forward to discussing more about Printegra with our shareholders on the Company's 4th Quarter conference call on March 1st."
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