American Reprographics Acquires Reprographics Fort Worth, Inc.
Press release from the issuing company
WALNUT CREEK, CA, Oct 31, 2008 -- American Reprographics Company, the nation's leading provider of reprographics services and technology, today announced the acquisition of Reprographics Fort Worth, Inc., a provider of document management, document reproduction, and related services to the architectural, engineering and construction industry in Central Texas.
Reprographics Ft. Worth employs 61 people and operates four centralized service facilities in Ft. Worth, Dallas, Arlington, and Roanoke, Texas. As with the majority of ARC operating divisions, the 22-year-old firm provides a range of both conventional and digital reprographic services including document management and fulfillment, black & white reproduction, and bid management services. It also operates a related business under the trade name "Color Solutions" to provide marketing collateral and other specialty color work to non-construction related businesses. The company reported sales of $7.3 million in 2007. Terms of the acquisition were not disclosed.
"We've always wanted to associate ourselves with a leader in technology so this is a perfect match for us," said Kenny Coomes, President of Reprographics Ft. Worth. "It's just great for our people, too. There are more opportunities to pursue for our employees by being part of ARC and I think everyone will benefit from them."
K. "Suri" Suriyakumar, Chairman, President and CEO for American Reprographics Company said, "Reprographics Ft. Worth is a great addition for us. It gives us a strong presence in the Ft. Worth area, and supports our existing operation in Dallas as well. We're looking forward to working with Kenny and his team."
More information about this acquisition, as well as earnings results for the third quarter of 2008, will be made on ARC's earnings call scheduled for 5 p.m. Eastern Standard Time on November 6, 2008.
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