WALNUT CREEK, CA--(Marketwire - July 21, 2008) - American Reprographics Company (
NYSE:
ARP), the nation's leading provider of reprographics services and
technology, today announced the acquisition of the assets of Hudson
Blueprint Company, the largest provider of reproduction, document
management and related services in New Jersey. The acquisition creates a
strong presence in the northern part of the state, supports the dynamic
metropolitan markets south of New York City, and bolsters ARC's existing
presence in the southern part of New Jersey near Philadelphia, and in
Atlantic City.
A full-service reprographics company operating from two locations in
Irvington and Newark, Hudson serves general contractors, architectural and
engineering firms, manufacturers, as well as marketing and advertising
firms. The company also provides on-site reprographic equipment and
services at their customers' sites, and has been a strong proponent of
PlanWell technology since becoming a founding member of the PEiR Group, an
ARC-sponsored trade organization for independent reprographers, in 2003.
Year-end revenues in 2007 for Hudson were approximately $9 million. Terms
of the acquisition were not disclosed.
Mike Bartow, President of Hudson Reprographics, said, "Joining ARC allows
us to take the next step in the digital age. We had already adopted much of
the technology developed by ARC, so the fit is quite natural. The officers
and employees of the company look forward to a rewarding relationship and
an enhanced position in the New Jersey marketplace thanks to our new
relationship with American Reprographics Company."
"We've known and admired Mike Bartow and his team at Hudson for many
years," said K. "Suri" Suriyakumar, President and CEO of American
Reprographics Company. "They've always been industry thought-leaders and
have contributed to the success of their industry peers for a long time.
I'm looking forward to bringing their excitement and passion for the
business into ARC, and solidifying the market in and around New York City."
About American Reprographics Company
American Reprographics Company is the leading reprographics company in the
United States providing business-to-business document management technology
and services to the architectural, engineering and construction, or AEC
industries. The Company provides these services to companies in non-AEC
industries, such as technology, financial services, retail, entertainment,
and food and hospitality, which also require sophisticated document
management services. American Reprographics Company provides its core
services through its suite of reprographics technology products, a network
of more than 300 locally-branded reprographics service centers across the
U.S., and on-site at more than 5,000 customer locations. The Company's
service centers are arranged in a hub and satellite structure and are
digitally connected as a cohesive network, allowing the provision of
services both locally and nationally to more than 140,000 active customers.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that fall within the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995 regarding future events and the future financial performance of the
Company. Words such as "next step, "enhanced position," "solidifying the
market" and similar expressions also identify forward-looking statements.
We wish to caution you that such statements are only predictions and actual
results may differ materially as a result of risks and uncertainties that
pertain to our business. These risks and uncertainties include, among
others:
-- The current downturn or a future general downturn in the
architectural, engineering and construction industries could diminish
demand for our products and services;
-- Competition in our industry and innovation by our competitors may
hinder our ability to execute our business strategy and maintain our
profitability;
-- Failure to anticipate and adapt to future changes in our industry
could harm our competitive position;
-- Failure to manage our acquisitions, including our inability to
integrate and merge the business operations of the acquired companies, and
failure to retain key personnel and customers of acquired companies could
have a negative effect on our future performance, results of operations and
financial condition;
-- Dependence on certain key vendors for equipment, maintenance services
and supplies, could make us vulnerable to supply shortages and price
fluctuations;
-- Damage or disruption to our facilities, our technology centers, our
vendors or a majority of our customers could impair our ability to
effectively provide our services and may have a significant impact on our
revenues, expenses and financial condition;
-- If we fail to continue to develop and introduce new services
successfully, our competitive positioning and our ability to grow our
business could be harmed.
The foregoing list of risks and uncertainties is illustrative but is by no
means exhaustive. For more information on factors that may affect future
performance, please review our SEC filings, specifically our annual report
on Form 10-K for the year ended December 31, 2007, and our quarterly
reports on Form 10-Q for the quarter ended March 31, 2008. These documents
contain important risk factors that could cause actual results to differ
materially from those contained in our projections or forward-looking
statements. These forward-looking statements are based on information as of
July 21, 2008, and except as required by law, the Company undertakes no
obligation to update or revise any forward-looking statements.
Contact Information: Contact:
David Stickney
VP of Corporate Communications
Phone: 925-949-5100
Email: