Business News

American Reprographics Company Acquires Florida-Based NGI

Sunday 01. June 2008 - Solidifies Leadership Position in Florida With $23 Million Market Leader

American Reprographics Company (NYSE: ARP), the nation’s leading provider of reprographics services and technology, today announced the acquisition of the assets of NGI USA, Inc. and its subsidiaries, the largest provider of reproduction, document management and related services in Florida. The acquisition further strengthens ARC’s presence in key markets on the Southeast, and advances the company’s strategy of obtaining a leading position in major metropolitan areas across the country.
NGI operates eight locations in Tampa, St. Petersburg, Orlando, Ocala, and Jacksonville, Florida, as well as Atlanta, Georgia. Consistent with American Reprographics Company’s operating philosophy, NGI provides reprographic equipment and services at their customers’ sites, a practice frequently referred to as “facilities management” or “FMs.” Year-end revenues in 2006 for NGI were approximately $23 million. Terms of the acquisition were not disclosed.

Martha Korman, Chairman of NGI, said, “During the past 20 years we built our company from the ground up into a strong, multi-million dollar regional operation. Joining forces with ARC gives us the ability to take the business to new heights. We will be able to offer our clients new technological solutions, as well as provide a more comprehensive, nationwide service.”

“There are tremendous synergies as a result of bringing our companies together,” said Greg Williams, President & COO of NGI. “With the depth of resources and experience ARC can provide, we will strengthen the leadership we offer in each of our markets, and provide new career opportunities for our employees.”

“NGI is a great addition to ARC and we are delighted by this acquisition,” said K. “Suri” Suriyakumar, President and CEO of American Reprographics Company. “NGI’s management is well known in the industry and they have a reputation for running a very professional organization. We welcome them to the team and look forward to advancing their progress. The combination of our existing Florida operations with NGI gives us a very strong presence throughout the state, and enhances our Southeastern footprint as a whole.”