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SGS International Acquires Quebec's Synnoflex.

Canadian Expansion Bolsters Company's Position As North America's Leading "Design2Print" Provider

MONTREAL -- SGS International, Inc. (SGS), the "Design2Print" partner of choice for some of the world's most powerful brands, formally announced today that its Canadian subsidiary, SGS Canada, has purchased Synnoflex, Inc., a pre-press services company based in St-Eustache Quebec, Canada. Synnoflex's St-Eustache operations will be integrated into SGS Canada's Montreal facility, and the company's president, Richard Synnott, has joined SGS Canada in Montreal as Vice President of the Quebec region. Terms of the transaction were not disclosed.

The completion of the deal is part of SGS's strategic growth plan for Quebec, which began in 2005 with the company's first acquisition in Pointe Claire, Quebec. In addition to giving SGS access to new customers, Synnoflex will help the company continue to expand its capabilities by providing fully integrated project management services, supported by state-of-the art technology and operations systems.

"We consider the Quebec market a strategic and growing sector within the packaging market in Canada," said Luca Naccarato, Executive Vice President of SGS. "The acquisition of Synnoflex will strengthen our ability to deliver world class services and solutions to this important market in the future."

Naccarato added that Synnoflex has provided quality pre-press services to the Quebec region for over 12 years, maintaining a leading position in technology and developing a vision and culture for the packaging graphics market that is shared with SGS.

"This deal will enable us to become a leader in Quebec for pre-press services," commented Richard Synnott. "Working with SGS will give us access to leading edge technologies, allow us to increase our level of service to the marketplace and bring the best value proposition for all our customers. It's a good move for our company and we're excited about working with the SGS team."

ABOUT SGS

SGS International, Inc., a portfolio company of Court Square Capital Partners (formerly Citigroup Venture Capital), has over 60 years of experience in providing consumer product packaging services. As the Design2Print partner of choice for the world's most powerful brands, SGS enhances visual identity across multiple media around the world, ensuring the highest standards every step of the way. With annual revenues of $290 million (U.S.), the company is well positioned to meet the global needs of its clients via U.S., Canadian, Latin American, European and Asian operations.

This press release contains forward-looking information. These statements reflect management's expectations, estimates, and assumptions, based on information available at the time of the statement. Forward-looking statements include, but are not limited to, statements regarding future events, plans, goals, objectives, and expectations. The words "anticipate," "believe," "estimate," "expect," "plan," "intend," "likely," "will," "should," and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by those statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: loss of existing customers and/or failure to acquire new customers; graphic products industry trends, including greater than anticipated pricing pressures, product and service rates and factors affecting supply and demand; and our ability to execute our business plan, including the costs of and ability to integrate acquisitions; as well as other risk factors summarized in SGS International, Inc.'s filings with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, or changes to future results over time.
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Publication:Business Wire
Geographic Code:1CANA
Date:Feb 12, 2007
Words:605
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