BOPI, Illinois Graphics to Merge Operations
BLOOMINGTON, IL—May 4, 2010—Tom Mercier, President and CEO of BOPI, and Michael Dolan, President and CEO of Illinois Graphics, announced today an agreement has been reached to merge the operations of the two companies. The merger is expected to be completed by June 1. The resulting enterprise will be known as BOPI and operate out of BOPI’s existing facility. Specific terms were not disclosed.
The NAPL Business Advisory Team, led by Senior Vice Presidents John Hyde and Tim Fischer, provided consultative services to BOPI in the transaction, including business valuation, preparation of terms sheets to facilitate negotiations, and assistance in completing due diligence.
The merger will strengthen BOPI’s position as a leading provider of business communications to clients throughout Illinois and national clientele of the firms. Founded in 1947 as Bloomington Offset Process, Inc., a commercial printing operation, BOPI has also established itself in the direct marketing field through initiatives in variable-data digital printing, personalized direct mail, data services, Web-based commerce, collateral management, and fulfillment.
"We see this as a tremendous opportunity in a difficult economy to increase market share and open up new opportunities for our innovative marketing products and services," said Mercier. "Illinois Graphics is a well respected company and has been a tough competitor over the years. We believe we can provide a seamless transition for its customers and provide a single source for all their business communication needs."
Mercier, who recently completed a year as President of the McLean County Chamber of Commerce, currently serves on the Board of Directors of the Illinois Manufacturers’ Association, and served on the Board of NAPL from 1997 to 2009, is well aware of the challenges facing print oriented businesses today and the need to diversify.
"The printing sector of our economy is facing diminished demand for its traditional products,” said Mercier. “Growth today will be realized through mergers and acquisitions until supply and demand are better equalized in the market. Introducing marketing-based services such as variable print, personalized URLs (PURLS), and data-based services has allowed BOPI to become a strategic business partner with our customers, rather than just a supplier.”