Financial terms of the transaction were not revealed. Sales figures for 2013 for the combined companies will approach $280 million.
Bob Lothenbach, president and founder of Imagine! Print Solutions, is enthusiastic. "The cultures and visions of our two companies are virtually identical," says Lothenbach. "We share a philosophy of providing highly responsive and flexible service to our clients, a passion for print and a belief in team work."
He adds, "Uniting the two companies creates a stronger entity. Blending the strengths and location of our company with those of Classic creates an optimal service and distribution model and leverages manufacturing and purchasing power for more competitive offerings to clients. Most important, clients of both companies will be served by one of the strongest graphics companies in the nation."
"This is a logical move," says David Pitts, president of Classic Graphics. "Classic has enjoyed tremendous growth over our 30-year history. Combining the two companies provides client access to wider and more sophisticated service offerings. Our employees will form a talented team who will drive innovation in our industry."
Imagine! will keep the Classic brand intact and Pitts will remain as president of Classic in the combined company.