PrintGlobe Acquires the Assets of Absorbent, Ink.
AUSTIN, TX—January 12, 2010—PrintGlobe, Inc, the printing superstore and leading online retailer of business printing products and supplies, announced that it has purchased the assets of Absorbent, Ink., an online seller of branded specialty corporate gifts. Absorbent, Ink. was originally founded in 2000 and earned the Inc. 500 designation, in 2007 and 2008.
As part of the transaction, PrintGlobe gains thousands of new customers, as well as a rich web content and e-commerce platform. According to PrintGlobe founder and President Dan Steinborn, the synergy of the two businesses will serve up growth for years to come.
"I'm extremely honored and thrilled to welcome Absorbent, Ink. into the PrintGlobe family. The Absorbent, Ink. staff built an excellent web platform and provided first rate customer service. We thank the team again for their years of hard work and dedication and will continue the tradition of providing the best service and website experience for our customers," says Steinborn.
Steinborn adds that the Absorbent Ink transaction marks the end of another growth year for PrintGlobe. "PrintGlobe notched its 8th year in a row of double digit growth. In a year when we had one of the worst quarters in our country's history and given the trend of brick and mortar printing businesses failing at a rapid pace, we feel more excited than ever that we are positioned to continue our growth and leadership in the business printing market."
Absorbent, Ink. President Lee Eldridge, who has also joined the PrintGlobe team, agrees PrintGlobe was best positioned to capitalize Absorbent's unique assets.
"PrintGlobe has all the pieces in place to do great things in the future," says Eldridge, "I'm very impressed with the depth of their team and vision for the future."
About Printglobe, Inc.
PrintGlobe was founded in October 2000 by company President Dan Steinborn. With a mission to become the leading online source for printing services, PrintGlobe launched the www.printglobe.com portal in February 2002 and has since built a strong customer base in all 50 states. PrintGlobe currently has more than 30,000 customers, including Apple Computers, The Gap, K Mart, The White House, Microsoft, HP, Lockheed Martin, Kraft, NASA, Disney and more. PrintGlobe also serves a host of major universities, national non-profit organizations and government agencies. The PrintGlobe website features the largest selection of printable products for business with more than 11,000 unique and customizable products.
PrintGlobe earned a spot on “The Inc. 5000 Fastest Growing Private Companies in America” list in 2007, 2008 and 2009. The Austin Business Journal noted PrintGlobe’s rapid expansion by including the company in their 2006 and 2007 “Fast 50” list for the fastest growing companies in Austin, Texas. PrintGlobe was also voted by its associates and named by the Austin Business Journal as a “50 Best Places to Work” company in 2006 and 2007.
About Absorbent, Ink.
Founded in 2000, Absorbent, Ink. specializes in promotional marketing for a wide array of clients ranging from Fortune 500 companies to academic institutions. A former division of the 18-year-old, full-service graphic design firm Pilgrim Page, Inc., Absorbent, Ink. expanded from a staff of five to more than 40 and was twice recognized by the Inc. 500 as one of the fastest growing privately held companies in the country.