Burrups Packard Acquires Global Financial
PHILADELPHIA—Hoping to take a huge bite out of the U.S. financial printing market, Burrups Packard, based here, announced that it has acquired key assets of longtime competitor Global Financial Press of New York.
Terms of the acquisition were not revealed. Global Financial Press, a privately held company, entered into Chapter 11 bankruptcy protection in August. The acquisition effectively consolidates the two former competitors and launches Burrups Packard into the $100 million range for financial printing services nationwide and solidifies its lofty standing in the Philadelphia region. Burrups Packard is the U.S.-based financial printing unit of London-based St. Ives plc and Burrups Ltd., Europe's largest printing group.