Update issued by Bang Printing:
To clarify the earlier press release, Bang Printing has purchased certain intangible assets, goodwill and customer relationships of Victor Graphics, along with one press. All other printing equipment and other hard assets will be sold by public auction on January 8th by Thomas Industries, industrial auctioneers, on behalf of Victor Graphics. Here is a link to the Auction web site:
Brainerd, MN – Bang Printing and its subsidiaries, a provider of accountable print performance solutions and other value-added services for catalogs, books, publications and educational printed products, announced today they have entered into an agreement to buy substantially all of the assets associated with Victor Graphics of Baltimore, Maryland.
This sale will allow Bang Printing and Victor Graphics to combine their existing capabilities and provide customers with a more diversified suite of products and services. All manufacturing will be done out of Bang Printing’s current facilities in Minnesota, California and Ohio (Hess Print Solutions). Victor Graphics will retain a sales office in Baltimore, Maryland, headed by founder & owner, Tom Hicks. Victor Graphics is a family owned, 30-year old, Baltimore based book manufacturer which serves a diverse, nationally based group of publishers.
“Bang Printing is excited to announce this opportunity to acquire Victor Graphics. The combination of Bang Printing’s extensive product line and the strong reputation of Victor Graphics will allow us to offer our customers one-stop solutions to their print and marketing needs,” said Chris Kurtzman, President and CEO of Bang Printing.