Vertis to Absorb American Color Graphics
BALTIMORE—Vertis Communications has signed a letter of intent to acquire American Color Graphics (ACG) of Brentwood, TN. Upon closing of the deal, ACG will become a wholly owned subsidiary of Vertis.
Steve Dyott, ACG’s current CEO, will remain with the company through the transition and integration process.
As part of the deal, owners of ACG will receive 10 percent of the combined company’s common equity and 8 percent of the mezzanine subordinated notes of Vertis Holdings.
ACG raked in $445 million in revenues for the 12 months ending March 31, 2007. The combined company approaches $1.9 billion in sales.