Agfa Graphics acquires Pitman Company

Agfa Graphics has signed an agreement to purchase the assets of the Harold M. Pitman Company, a US supplier of pre-press, industrial inkjet, pressroom and packaging printing products and systems. The acquisition increases Agfa Graphics’ revenue in the US to more than USD $500 million, says the company.

Based in Totowa, New Jersey, the Pitman Company counts 502 employees and 16 locations throughout the US. Pitman’s large customer base and knowledge of the industry will offer growth opportunities for Agfa Graphics’ industrial inkjet and pre-press product lines. Agfa Graphics’ addressable market will increase thanks to the addition of numerous product lines to its offering, including flexographic printing platemaking equipment for the packaging industry, pressroom products and value added services. Moreover, Agfa Graphics will be able to complement its own industrial inkjet offering with the addition of a vast range of media, new inks and wide format printing systems.

‘Pitman’s strong distribution network and broad portfolio of products and systems, combined with our leading technology, will provide us with promising growth opportunities in this strategically important region. One glance at Pitman’s extensive catalog is enough to understand that we will considerably expand our scope,’ said Stefaan Vanhooren, Agfa Graphics’ president. ‘One of the main drivers behind this decision was the fact that we gain a unique opportunity to significantly grow our inkjet business.’

Pitman’s chairman of the board, Paul (Peter) F. Schmidt, Jr, said: ‘Our family built the Pitman Company into an industry leading graphic solutions provider and for over 50 years we have been strategic partners with Agfa. I feel very confident about this new chapter in the history of the Pitman Company and I know that it is the combined force of Pitman and Agfa that will drive this company to the next level by providing present and future customers a greater value package of goods and services.’ 

Click here for more stories about Agfa Graphics on L&L.com.   

Click here for more stories about Pitman Company on L&L.com.