Business News
Colorep Inc. Completes Acquisition of Transprint USA
Wednesday 09. January 2008 - Colorep Inc. ("Colorep"), a leader in sustainable subsurface printing and dyeing technology, announced today that it has completed the acquisition of Transprint USA Inc. ("Transprint"), a privately-held employee owned company founded in 1978, with its headquarters and manufacturing facilities in Harrisonburg, VA and design studios and showrooms in New York City and Charlotte, NC.
Transprint offers printing products and design services worldwide for the apparel, commercial and residential furnishings markets.
“We are very excited that we have fully satisfied all of the conditions necessary to complete this transaction. Colorep’s proprietary printing and dying technologies for decorating consumer products will provide Transprint with exciting new products and services to offer to their customers,” said Larry Levy, Chief Executive Officer of Colorep. “Transprint’s reputation as a leading manufacturer of transfer paper and textile designs, and their historical success in bringing innovative dye sublimation transfer printing technology and world class color management capabilities to customers around the world, provides Colorep with an opportunity to accelerate plans to introduce our proprietary sustainable technology to these large global markets.”
Added Levy, “The strategic fit between our companies will enable us to provide environmentally friendly, differentiated products and manufacturing solutions to current and new customers for both companies.”
“Transprint has a reputation for excellence in color management and print production. We have been providing our customers with high quality design and print products for thirty years and are excited about teaming up with Colorep to continue bringing innovative new products to market,” said William Boyd, President and Chief Executive Officer of Transprint USA. “Our manufacturing expertise and extensive design library combined with Colorep’s AirDye(TM), P3(TM) and application specific solutions provide substantial business opportunities for our companies and customers alike.”