Open Enrollment | Subscribe to Printing Impressions HERE
Follow us on

Bolger Buys Bankrupt Competitor

October 2008
MINNEAPOLIS--Bolger Vision Beyond Print has completed the acquisition of fellow Twin Cities printer Diversified Graphics. According to the Minneapolis-St. Paul Star Tribune, Bolger was the winning bidder at $10 million for the assets of Diversified, a deal approved by a U.S. Bankruptcy Court.

Only two years ago, Diversified Graphics had been bought out by senior management and a private equity firm. Two lending institutions from that deal had their debt converted into a minority share in Bolger.

According to Bolger Vision Beyond Print officials, 40 workers have been laid off, leaving the combined firm with a staff of 300. The company plans to close and sell both of Diversified Graphics' facilities by year's end.

"I'm not a gambler, but we think we're taking a calculated risk," Bolger co-owner Charlie Bolger told the paper. "We think we can grow the combined company profitably."

Bolger prints catalogs, magazines and brochures, among other things, for markets including manufacturing and healthcare.


Companies Mentioned:


Click here to leave a comment...
Comment *
Most Recent Comments: