Hutchison Allgood Joins Forces with Graphic Visual Solutions, $5-Million Investment Planned
EAST RUTHERFORD, NJ—Nov. 9, 2012—The National Assn. for Printing Leadership (NAPL) has announced that Hutchison Allgood, headquartered in Winston-Salem, NC, has joined Graphic Visual Solutions (GVS), headquartered in Greensboro, NC, to create one of the largest and strongest printing and graphic communication companies in the region. The combined company will have annual sales in excess of $25 million and nearly 150 employees.
Both companies are market leaders and together bring more than 100 years of experience and success in the printing industry in the Triad market.
NAPL, serving as GVS’ strategic M&A advisor, counseled on the transaction price and structure and prepared the letter of intent for the transaction.
Senior Vice President John Hyde, head of NAPL’s Mergers and Acquisitions Advisory Team stated, “The transaction is a great example of two leading companies coming together in a way that creates a successful transition from ownership for Al (Hutchison, president of Hutchison Allgood) and his partners while maximizing value for both companies.”
In addition to the extensive current resources of the two companies, the combined company will invest more than $5 million in expanded facilities and new technology and equipment as it broadens its capabilities in High Point, NC, to best meet the changing needs of its clients. All current Hutchison Allgood employees have been retained and will be an important part of the combined operation.
The combined company will offer its customers the most diverse and comprehensive printing, packaging, communication, and visual solutions in the industry. These solutions include printing, labels & packaging, digital printing, wide-format graphics, direct mail, kitting and fulfillment, and one-to-one personalized communication marketing with data and response analytics.
Hutchison will continue to lead the Hutchison Allgood location in Winston-Salem under the direction of Bryan T. Hall, president and CEO of GVS, who will lead the combined companies. The former will continue to operate at its current facility in Winston-Salem for approximately one year, but ultimately will be consolidated into expanded facilities at the Graphic Visual Solutions campus nearby in High Point’s Piedmont Centre Business Park. The consolidation will result in 50 jobs being brought to High Point.
Hall said, “Graphic has been blessed with significant growth during our 27-year history. We are extremely excited and honored to join forces with one of the most respected names in the printing industry. Hutchison Allgood has been an industry leader for over 81 years.