Big Flower Completes Gamma One Acquisition.NEW YORK--(BUSINESS WIRE)--Nov. 4, 1997--Big Flower Holdings, Inc. (NYSE NYSE See: New York Stock Exchange : BGF BGF Black Guerrilla Family (Afro-American prison gang symbol/tattoo) BGF Boursier du Gouvernement Français (French) BGF Black Guerilla Family (gang) BGF Best Guy Friend ) announced today it has completed the acquisition of Gamma One, Inc., a leading digital premedia services company. Gamma One is headquartered in North Haven, Connecticut North Haven is a suburban town in New Haven County, Connecticut on the outskirts of New Haven, Connecticut. North Haven is less than 10 minutes from downtown New Haven and Yale University. It is also near Quinnipiac University and Sleeping Giant State Park. and posted revenues in 1996 of approximately $19 million. Gamma One will be a subsidiary of Big Flower's digital imaging services subsidiary, Laser Tech. The terms of the acquisition were not disclosed. Big Flower President and Chief Executive Officer Edward T. Reilly said, "Gamma One's advanced digital imaging and archiving services, its strategic Northeast location, and its diversified blue-chip customer base will be valuable additions to Laser Tech's operations and will allow us better to serve the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and New England advertising markets." Gamma One is the fourth acquisition Big Flower has completed in the past several weeks. Big Flower recently acquired Olwen Direct Mail, a full-service, UK-based direct marketing company which has become an operation of Webcraft; RCPC See Regional Check Processing Center. , a West-Coast based advertising insert producer which is being integrated into TC Advertising; and Columbine JDS See Java Desktop System. Systems, a leading computer-based management service provider for the broadcast industry. Big Flower Holdings, Inc. is a leading advertising and marketing services company specializing in outsourced digital premedia and content management services, computer-based systems management for the broadcast industry, advertising insert programs, circulation-building newspaper products, highly personalized direct mail products, commercial games and fragrance samplers. For the twelve months ended September 30, 1997, the Company's pro forma revenues were approximately $1.6 billion, including the acquisitions of Olwen, RCPC, Columbine and Gamma One. CONTACT: For more information: Big Flower Holdings, Inc. Nancy S. Murray 212.521.1606 |
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