Agfa Acquires Pitman Co.

MORTSEL, BELGIUM—Agfa Graphics announced today that it has signed an agreement to purchase the assets of the Harold M. Pitman Co., a distributor of prepress, industrial inkjet, pressroom and packaging printing products and systems in the United States.

The Pitman Co. acquisition substantially increases Agfa Graphics' revenue in the United States to more than $500 million. Based in Totowa, NJ, the Pitman Co. has 502 employees and 16 locations throughout the United States. The acquisition will reportedly enable Agfa Graphics to significantly strengthen its position in the United States printing industry. According to Agfa, Pitman's large customer base and knowledge of the industry will offer immediate growth opportunities for Agfa Graphics' industrial inkjet and prepress solutions.