Imagine! announced that it has entered into a letter of intent to acquire DigiGraphics, Inc., located in Minneapolis, Minnesota. The transaction is expected to be complete within the next 30 days.
Founded in 1979, DigiGraphics has established itself as one of the highest quality large format digital print providers in the area. DigiGraphics provides large format graphics, museum display graphics, and environmental signage in a custom built state-of-the-art facility and offers a full range of digital inkjet and photographic print and fulfillment services. Additionally, the company also 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! Print Solutions.
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." He added, "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."