Contac Acquires Assets of Forum Productions Inc.
VANCOUVER, CANADA—February 2, 2010—Contac announced its further expansion into print with the acquisition of certain printing assets from Forum Productions Inc. (“Forum”), a commercial printer located in Delta, B.C.
The transaction has resulted in Contac acquiring a wide range of print equipment and technology including a six-color, 40” sheetfed press; a four-color UV hybrid, 29” sheetfed press; a die-cutter/foiler; and an assortment of other assets totalling 39 pieces to complement Contac’s existing print infrastructure.
With the added capacity and technology, Contac’s Print Division is now one of the leading print facilities in Canada. The acquisition of these printing assets allows Contac to significantly increase daily print output to more than 1.6 million sheets per 8-hour shift on offset presses. Contac’s client base across North America, in both the travel industry and other industries, can take advantage of the additional digital and offset print production capacity, with faster output and greater efficiencies.
“With a powerful and innovative print production facility, Contac has both the equipment and experience necessary to handle complex print projects,” noted Garry Gunter, Contac’s General Manager of Print Operations. “Contac continually invests in new equipment and technology to ensure we remain industry leaders. The acquisition of Forum’s printing equipment was exactly in line with our growth goals for 2010.”
Forum’s current clients will be transitioned to Contac including Canada Post, the City of Vancouver, Tourism Richmond, Tourism Vancouver Island, Boston Pizza, Direct Buy, Canadian Cancer Society, Frequency Magazine, Vancouver Community College and hundreds more.
“The commencement of 2010 also marks a period of remarkable growth for Contac,” said Riaz Pisani, President and CEO of Contac. “With our increased volumes generated by the Contac Procurement Platforms, eConcierge Program, and our expanding client base, the acquisition of additional print machinery operated by an experienced staff could not have come at a better time.”
Originally founded in 1978 as a third party logistics company for the travel industry, Contac expanded its services to become a single-source solution providing the highest quality production, lowest cost and fastest distribution of marketing for major brands around the world. Headquartered in Vancouver, B.C., Contac has facilities in Toronto; Montreal; London, UK; and Miami, Florida. For more information, visit www.ContacServices.com.