Classic Graphics Acquires Certain Assets of HarperprintsJanuary 3, 2012
In the context of an industry where many smaller companies are falling by the wayside, and where mid-sized competitors are consolidating to remain viable, David Pitts, co-owner of Classic, says this is a logical move.
“Classic has enjoyed tremendous organic growth over our 28-year history,” noted Pitts. “Combining operations with a prominent, industry leading company like Harperprints will help us sustain, and hopefully extend, our growth ambitions.”
While Pitts did not reveal financial terms of the transaction, Classic’s sales for 2011 were approximately $50 million, and sales for 2012 are expected to be in the $55-$60 million range.
“The cultures and visions of our two companies are virtually identical,” said Pitts. “We share a philosophy of providing highly responsive and flexible service to our customers.” He continued, “Uniting the two companies can only create a stronger entity, allowing us to provide even more of the technology-related graphic communication services our customers expect. At the same time, our service ethic will continue to ensure the very highest level of customized, personal attention.”
Mike Harper, president and co-owner of Harperprints, echoes Pitts’s enthusiasm for the acquisition. “When Lynn (Harper) and I started Harperprints in 1974,” he said, “we began a tradition of craftsmanship and dedication to customer satisfaction that we have constantly sought to uphold. Blending the strengths of our company with those of Classic, one of the premier names in our industry, makes perfect sense for us and our customers.”
Harper, who will assume the role of executive vice president, Triangle Division in the combined company, anticipates retaining existing Harperprints’ customers, thanks in large part to the favorable reputation of Classic.
“This combination will be great for our customers,” he said. “We will provide them with access to a wider and more complete range of services, including the integration of data, brand assets, grand format print and logistics. I have made a personal pledge to our customers that we will do everything in our power to make the transition seamless.”
Pitts sees the acquisition as a win-win situation for all involved. “Classic will benefit from the addition of experienced, highly talented professionals to an already-outstanding team,” he said. “Harperprints employees will join an established, employee-owned company. And most importantly, customers of both companies will be served by one of the strongest privately held printing and graphic communications companies in the Southeast.”
About Classic Graphics
Founded in 1983 by David Pitts and Bill Gardner, and known for exemplary customer service and cutting-edge technological capabilities, Classic serves national and international corporations. Classic currently ranks 126 in Printing Impressions magazine’s 400, a list of the leading printing companies in the United States and Canada.