"Expansion into new, fast-growing industries."?
Pitman Company, the Totowa, NJ-based graphic arts supplier, has acquired Charrette LLC, the provider of imaging supplies, equipment, and services to the graphics, corporate, and technical design marketplaces. Charrette LLC becomes a division of Pitman, and will continue to operate under the Charrette name; John J. Ford III, president and CEO of Charrette, will continue to head the Charrette division.
"Pitman"?s purchase of Charrette represents a major advance in our company"?s strategy for expansion into new, fast-growing industries,"? says Joe Demharter, Pitman president. "With a strong sales, service, and distribution organization model, and an extensive product portfolio that complements ours, Charrette offers extraordinary cross-marketing potential. Charrette brings an extended industry perspective that can provide our customers with opportunities to explore channels for their business growth through an additional range of products and expertise."?
Pitman is probably more recognizable to commercial printing houses, while Charrette is likely a more familiar brand among digital print shops, designers, and corporate in-house and agencies doing print work. Pitman has its own wide-format supplies division and, says Demharter, this division will be maintained to service its commercial clients, while Charrette will service its former clients. Two additional specifics:
"? Charrette will continue to sell the Duratex SP-64X printer, the company"?s nameplated, 64-in. solvent machine that it introduced in 2005.
"? The line of products and manufacturers the company represents will be maintained, and Pitman"?s wide-format supplies division may begin now selling additional printers and supplies into the commercial space.
Founded in 1964 and headquartered in the Boston suburb of Woburn, MA, Charrette has 22 locations with 404 employees. It offers 40,000 inventoried items and access to more than 100,000 products used in design and wide-format imaging applications. In early 2006, the company acquired Mile High Imaging Supply in Denver.