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APPLIED GRAPHICS TECHNOLOGIES TO ACQUIRE FLEETWOOD LITHO & LETTER CORPORATION

    NEW YORK, June 21 /PRNewswire/ -- Applied Graphics Technologies (AGT) has entered into an agreement to acquire assets of Fleetwood Litho & Letter Corporation, a leading pre-press and commercial sheetfed and web printer with offices in New York City and New Jersey.  This acquisition is anticipated to be finalized later this summer once the requisite approvals are obtained.  This acquisition is the latest example of AGT's aggressive marketing strategy to integrate multiple technologies and services.
    Fleetwood is a privately owned company founded in 1948.  Throughout its history, it has focused on providing highly diversified printing services to financial, fashion, ad agency, publishing and commercial clients in the New York metropolitan area.  Fleetwood has annual sales in excess of $50 million.
    Peter Faucetta, AGT's president and chief operating officer, commented, "This acquisition will be beneficial for our clients.  It will allow Fleetwood's clients wider access to AGT's extensive pre-press capabilities and state of the art technology, including electronic imaging and digital imaging services.  Additionally, AGT's clients will also benefit from the expertise of Fleetwood; their extensive sheetfed and web press capabilities including their manufacturing plant in New Jersey.  AGT will now have the largest sheetfed printing operation on the East Coast."
    "The chemistry between AGT and Fleetwood," according to Tony Brusco, president of Fleetwood, "will allow us to focus on expanding our services to our customers, who value our personalized service and commitment to customer satisfaction."
    AGT is one of the largest pre-press companies in the world and is the largest facilities management supplier to the publishing and advertising industries in the United States.  AGT has annual sales of more than $200 million, with more than 1700 employees at 12 locations in New York, New Jersey, California, Illinois, Michigan and Washington, D.C.
    -0-                   6/21/93
    /CONTACT:  Maureen Bierne of Applied Graphics Technologies, 212-627-4111/


CO: Applied Graphics Technologies; Fleetwood Fleetwood, town (1991 pop. 27,899), Lancashire, NW England, on Morecambe Bay at the mouth of the Wyre estuary. Fleetwood, a port, trades and has a ferry service with the Isle of Man and Belfast.  Litho & Letter
      Corp. ST:  New York IN: SU:  TNM


WB -- NY058 -- 4079 06/21/93 13:17 EDT EDT
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Eastern Daylight Time


EDT Eastern Daylight Time

EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York

EDT 
 
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 21, 1993
Words:325
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