Imagine! Print Solutions to Acquire DigiGraphics, Gain Large-Format Capabilities
MINNEAPOLIS—Dec. 22, 2011—Imagine! Print Solutions (#36, with $157 million in sales, on the 2011 Printing Impressions 400 ranking) announced it has signed a letter of intent to acquire DigiGraphics Inc., also located in Minneapolis. The transaction is expected to be complete within the next 30 days.
DigiGraphics.will continue to operate independently and without interruption. For current Imagine! and DigiGraphic customers, it will be "business as usual,” but the partnership will expand the service offerings of each company and create new opportunities through greater capacity and resources.
Founded in 1979, DigiGraphics has established itself as one of the highest quality large-format digital print providers in the area. The company produces large-format graphics, museum display graphics, and environmental signage in a state-of-the-art facility and offers a full range of digital inkjet and photographic print and fulfillment services. Additionally, it offers direct-to-fabric printing capabilities, custom framing and large-format fine art printing and scanning.
“DigiGraphics is a highly customer-focused company that will enhance our print-on-demand initiative and continue to expand our capabilities as we look for additional ways to service our customers efficiently,” commented Bob Lothenbach, owner and president of Imagine! Print Solutions. “Our acquisition strategy is to develop a complementary set of companies to solve our customers’ design, print and distribution requirements. DigiGraphics is an excellent first acquisition for us.”
“DigiGraphics has diversified itself well beyond photo reproduction and traditional ink on paper to provide an end-to-end solution, including consultation, output, mounting options, display hardware and installation. We expect significant synergies will be created between our two companies,” added Craig Mandery, vice president of Imagine!
Bob Remakel, owner and president of DigiGraphics, commented, “Partnering with Imagine! Print Solutions will bring DigiGraphics additional capabilities and resources that will allow DigiGraphics to expand our service offerings to our customers while remaining independent. We look forward to working with Imagine! to create new opportunities for our customers and our employees.
“We had been approached by other companies, but I believe the partnership with Imagine! will allow us to continue to build DigiGraphics by providing support and financial resources to grow much faster than we would be capable of on our own,” Remakel added.
Imagine! Print Solutions (IPS), headquartered in Minneapolis, is North America’s prominent independent large-format and commercial printing company. With over 600,000 square feet of production space under one roof and a growing network of affiliate companies, Imagine! offers a wide range of capabilities utilizing the highest level of technology, efficiency and service. Its national sales force is strategically located across the country to provide service and consultation at a moment’s notice.