Marne Obernauer

NEW YORK—There'll soon be one fewer publicly traded graphic arts company, and the already muscle-bound Applied Graphics Technologies (AGT), which reported total 1997 revenues of approximately $185 million, will get even stronger. That's the upshot of news that AGT and the Devon Group have signed a merger agreement. After the transaction, Devon will operate as a wholly owned subsidiary of AGT, and Devon's principal subsidiaries will continue to operate in their present form. Marne Obernauer Jr., Devon's chairman and CEO, will become vice chairman of AGT and a director. One other designee of Devon will also join AGT's Board. What Devon brings to

More Blogs