Formetco Announced the Sale of Its Grand Format Printing Division Today to Outdoor Image, LLC.
Duluth, GA (PRWEB) October 08, 2013 -- Formetco announced the sale of its grand format printing division today to Outdoor Image, LLC. The new company will continue to employ all the Formetco employees directly connected with the former print division. With the recent growth in the LED Digital Billboard market, Formetco has responded by focusing on expanding its share and maintaining their leadership position and focus on their LED Digital Sign product lines.
Outdoor Image, LLC is owned by Boxwood Capitol an investment company controlled by Russell Currey. The general manager of Outdoor Image is Ralph Ward. Both Mr. Ward and Mr. Currey have backgrounds in high-graphics paper packaging and an understanding of the technology used in grand format printing.
Formetco is recognized as the world's largest full service provider to the outdoor advertising industry and has been supplying printed signs to the outdoor advertising industry for nearly 20 years. In that time, technology has evolved considerably. Formetco has invested heavily in ensuring that it carries the highest grade materials, inks, and equipment that can satisfy the increasing demand for eco-friendly printed signs. Outdoor Image plans to continue and expand on this methodology as it grows into new markets.
Mr. Ward, Outdoor Image’s new GM says, “We understand that Formetco has established a high reputation for quality and service to the outdoor advertising industry. We are committed to living up to that high standard of excellence.”
"Formetco's print division has been operating 24 hour day work schedules for a couple of years," says Jason Gribble, Director of Marketing and Former Print Operations Manager. "This has been a vibrant part of our business, but I'm excited about our decision to narrow our focus further toward our established hardware products and LED Digital Signs."
Formetco and Outdoor Image officially completed the transaction on October 1st, 2013. In order to ensure a smooth transition for staff and customers, Outdoor Image will operate from Formetco's print warehouse located in Duluth, Georgia for the time being. Eventually, operations will be moved into a new facility nearby, where additional equipment and staff may be added as Outdoor Image continues to extend its lead position in supplying affordable, quality outdoor prints.
"We are all excited that this has been such an easy transaction. We looked hard for a company that would take our Print Division to a new level and provide all the necessary attention to give our customers the same level of service they have come to expect from Formetco,” says Matt Xander President and CEO of Formetco. "We will offer 100% support to Outdoor Image to make the transition as seamless as possible for all parties involved."
Chenda Kelly, Formetco, Inc., +1 6782347380, [email protected]
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