Pitman Co. Acquired by Agfa Graphics

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

The Pitman Co. acquisition 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. 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.