Earth Color and IGI to Join Forces
NEW YORK—Integrated Graphics (IGI) and Earth Color Group have agreed to merge the two companies, creating what officials say will be the leading provider of prepress and printing services in the New York metropolitan area.
The combined company, to be named IGI/Earth Color Inc., will offer digital prepress; full-color sheetfed, half- and full-web printing; finishing; and digital archiving from facilities in Manhattan, Long Island, northern New Jersey and Pompano, FL.
IGI/Earth Color's operations will also include a prepress facility in Phoenix and a sheetfed printing business in Houston. The firm will be headquartered in New York and have combined revenues of more than $180 million.
Peter Faucetta Sr., IGI's founder, will serve as the chairman of the combined companies, while Robert Kashan, Earth Color's founder, will serve as IGI/Earth Color's CEO. Other senior managers will include Bruce Wexler, who has been named president of the new combined entity, and Dennis Ganzak, who will serve as CFO.
Following the transaction, the senior management of IGI and Earth Color will join Monitor Clipper Partners (MCP), a Cambridge, MA-based investment firm, as IGI/Earth Color's principal shareholders.
"The combination of these two companies enables IGI/Earth Color to offer a complete array of products and unprecedented levels of service and responsiveness," says Michael Bell, managing director of Monitor Clipper Partners.
"With enhanced capabilities and market position, IGI/Earth Color is uniquely qualified to respond to the increasingly complex needs of today's customers, many of whom are seeking to migrate from traditional vendor relationships toward partnerships offering complete graphic services solutions."
Monitor Clipper Partners is an independent, private equity investment firm founded by senior professionals from Monitor Company, an international strategy and business consulting firm based in Cambridge, MA, and senior professionals from The Clipper Group, a private equity firm previously based in New York.
MCP had previously had dealings with both companies.