Press release from the issuing company
Stamford, CT – Cenveo, Inc. announced today that the Company, through its subsidiaries, has entered an agreement to acquire Glyph International from Infomedia 18 Limited. Glyph International is a leading provider of content solutions to publishers, with operations in Bangalore, New Delhi, London, and Fort Lauderdale, Florida. Glyph specializes in full suite content production, from project management through editorial, composition, artwork, and XML creation. Glyph has more than 550 employees worldwide and a strong market presence in both the U.S. and the U.K. The terms of the transaction were not disclosed. The acquisition is expected to be completed during the second quarter and is projected to be accretive to earnings in 2010.
Robert G. Burton, Sr., Chairman and Chief Executive Officer of Cenveo, stated:
"The acquisition of Glyph International significantly strengthens our market presence and end-to-end production capabilities in the journal and book publishing markets. Glyph International is a perfect complement to our existing platform and allows us to expand our product offerings to the customers of both the Cadmus and Glyph businesses. We are very excited about the prospect of teaming up these two companies and welcome the Glyph employees to the Cenveo family.
"Glyph International has nearly 20 years of experience in providing content production solutions to university presses, not-for-profit societies, and commercial publishers. We believe strongly in this market, the track record Glyph has built in serving some of the world's leading publishers, and the automated XML workflow technologies Glyph has created. The acquisition of Glyph shows our continued commitment to the customers in the content market place and is an example of how we intend to grow our overall business by adding companies that allow us to strengthen our leadership position in strong niche markets."
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