About this Transaction
Q: What is Drummond announcing today?
A: On April 2nd, 2018 Drummond is announcing the completion a transaction to acquire ProGraphics. This is Drummond’s fourth transaction in the Atlanta market, following the purchase of Graphic Communications Corporation in 2012, the print division of RGI in 2015, and most recently the purchase of Sunbelt Printing. This investment positions Drummond as the most actively expanding commercial printer in the Southeastern market and signifies the company’s continued commitment to advancing its comprehensive print solutions for its growing customer base. The terms of this acquisition are not disclosed.
Q: Who is ProGraphics?
A: Prographics has been providing holistic solutions to loyal customers in the Atlanta marketplace for 44 years. No matter how big, or complex, or unusual the need, the ProGraphic team will meet it. This responsiveness and attention to service is why ProGraphics has client relationships dating back more than 2 decades.
Q: Where is ProGraphics located?
A: The Company is located in Chamblee, GA.
Q: What are the main benefits of this transaction?
A: This deal enhances Drummond’s comprehensive print solutions offering to customers, and supports the company’s strategic growth initiatives:
Benefits to the Drummond Team by strengthening our core business:
- Increased revenue, scale, and production economies
- Additions to the technology platform
- In-sourcing opportunities due to new operational capabilities
- Cross-selling our product lines to ProGraphics customers
- Largest print provider to the Atlanta Marketplace and a premiere provider nationally
Benefits for all customers by augmenting our value proposition:
- Superior enabling technology that focuses on optimizing the client’s workflow surrounding the design, ordering, production, fulfillment and distribution of branded materials;
- Premier innovation and marketing solutions that deliver creative adaptations of new and traditional products at speeds demanded by the market and elevate the client’s campaigns;
- Unmatched scale, capacity, and excellence that will insure the client’s projects, whether direct mail, commercial print, large or small format, kitting or fulfillment, are provided economically, accurately, and on time;
- A growing team of industry professionals acutely focused on assisting our customers in the attainment of their goals, objectives, and helping them solve their toughest problems.
Benefits for our suppliers: A goal of this acquisition is to add more value to our supplier partners by exponentially adding growth to the product lines that comprise our comprehensive solutions: offset print, digital, wide format, fulfillment, direct mail, promotional products business and technology solutions.
About Drummond’s Growth Strategy
Q: How does this acquisition align with Drummond’s strategic growth initiatives?
A: Our culture calls for Drummond to be disciplined financially, while always striving for excellence and innovative solutions. This investment demonstrates our desire to grow our print operation in a manner and scale that benefits our clients and the company. Drummond continually strives to provide the most innovative and comprehensive print management solutions in the industry, and the addition of technology and equipment from ProGraphics’s print production business does just that.
Q: Will Drummond seek to acquire other companies?
A: Yes, Drummond is recognized as one of the fastest growing companies in the print industry. This growth will be fed through an active acquisition strategy coupled with double-digit, year-over-year organic growth.
Q: What is Drummond doing to grow its business organically?
A: Drummond continues to invest in people, process, and technology. People: Drummond is fortunate to attract, hire, train and develop new innovative print management and sales experts that bring a wide variety of industry experience to our growing team. Process: Drummond makes significant investments in the development of new processes that introduce efficiencies and effectiveness into our operation. We also partner with a growing number of “Best in Class” supplier partners to enhance the breadth and quality of products that we offer. Technology: Drummond has developed a leading team of technology, ecommerce, and code development experts that assist our customer in solving complex problems and attaining their program goals.
About Impact on Business Operations
Q: What impact will ProGraphics customers feel as a result of this strategic acquisition?
A: Our goal is for this transition to be frictionless for all customers. In the initial days, ProGraphics customers will be notified by the receipt of a welcome packet with a customer profile, information on Drummond and contact details for additional questions or support. Following that, ProGraphics customers will have the opportunity to consult with their sales person for a wider variety of comprehensive solutions and innovative products.
Q: Who should ProGraphics customers contact for print service’s needs?
A: Drummond and ProGraphics have worked hand-in-hand to ensure a smooth transition for all customers. Customers can contact their current sales or client services representatives for more information on this announcement, as well as for any print needs moving forward. We will continue to communicate any additional updates to all customers moving forward.
Q: Is Drummond acquiring any ProGraphics employees as part of the deal?
A: Yes, the ProGraphics employees will join Drummond, effective April 2nd, 2018. This augments our existing team of product experts, production team members, sales, and service support.
Q: How will ProGraphics operate within Drummond?
A: Drummond will be unifying all of its Atlanta operations into the ProGraphics facilities, over the short-term. Ultimately, the Marietta locations will be absorbed in the Chamblee operation.
Q: Will there be any impact on pricing or contracts in place?
A: No, there will be no changes to pricing or contracts as a result of the transaction.
Q: Will credit line change for ProGraphics customers?
A: There will be no changes to credit terms at this time.
Q: Where can I find more information about this acquisition?
A: We are planning for a public announcement about this transaction to be made on April 3rd, 2018. At that time, we will launch a page on our website under “news” that will provide updates on this acquisition, as they are available and necessary.