Bolger Completes Diversified Graphics Deal
MINNEAPOLIS—Bolger Vision Beyond Print has completed the acquisition of fellow Twin Cities printer Diversified Graphics. According to the Minneapolis-St. Paul Star Tribune, Bolger was the winning bidder at $10 million for the assets of Diversified, a deal approved by a U.S. Bankruptcy Court.
Only two years ago, Diversified Graphics had been bought out by senior management and a private equity firm. Two lending institutions from that deal had their debt converted into a minority share in Bolger.
The Minneapolis/St. Paul Business Journal reported that 40 workers have been laid off, leaving the combined company with a staff of 300.