Base-Line Acquires GraphLine in a Stock Purchase Transaction
SHELTON, CT—Feb. 24, 2012—Base-Line Inc., a leading distributor of press and prepress supplies, announced it has acquired GraphLine Inc., a distributor of analog and digital printing supplies (including plates, chemistry and other equipment), in a stock purchase transaction. Specific deal terms were not disclosed.
Specializing in the needs of small- to medium-sized commercial printers, GraphLine has an expansive portfolio of product lines and customers located throughout the United States. Its products encompass some of the printing industry’s most well- known brands, including Mitsubishi, Rycoline, Inctec Inks, FiberWeb, Airdot, PANTONE, Xitron, Printers Research, Sprayway, Spinks Inks and Graphline film and plates.
“Base-Line and GraphLine are two brands that have been revered in the printing industry for decades,” said Howard Harper, chairman and CEO of Base-Line. “Both companies are deeply committed to our customers and employees, and this acquisition will only strengthen our position within the industry. I’m excited about this transaction and feel confident about the future direction of both companies.”
BaseLine’s acquisition of GraphLine will enable both companies to expand their geographic reach, customer base and breadth of product offerings. It will also ensure that both companies are well-positioned for long-term growth.
“This is a merger of two industry leading distributors who share the same mission and strategy: to sell to and support a national dealer network on behalf of a number of world class manufacturers and suppliers,” said Mike Ostroff, president of GraphLine. “This merger will integrate complimentary product lines, expand capabilities and further strengthen already outstanding customer service and support teams. In turn, this will help dealers grow their businesses and profitability.”
GraphLine’s corporate headquarters are based in Sunrise, FL, and its distribution facilities are based in Indianapolis and Los Angeles. Following the close of the transaction, GraphLine will continue to operate as it does today.