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August 24, 1999
G.E. Richards Graphic Supplies
to Acquire Freeman Graphic Systems
Spicewood, TX -- Friday, August 20, 1999: A joint announcement is being
made today that G.E. Richards Graphic Supplies is acquiring Freeman Graphic
Systems. G.E. Richards is a large regional distributor of graphic supplies
and equipment headquartered in Landisville, PA. With branch operations
throughout the northeast and mid-Atlantic region, G.E. Richard’s
acquisition of Freeman, closely following its acquisition of Gatchel’s
in Louisville, KY, continues to expand Richard’s market coverage
in geography contiguous to its present service area.
Freeman Graphic Systems, headquartered in Greenville, SC, has branch
operations through the Carolinas and branches in West Virginia and Georgia.
Bill Freeman, President of Freeman, indicated that the "combining
with Richards provides Freeman with the opportunity to better serve .
. . customers with expanded product lines, including a strong line up
of electronic equipment. It is also a wonderful opportunity for Freeman
employees to become part of a larger, very successful, growing operation
that provides personal growth opportunities as well as the ability to
offer expanded service to . . . customers."
Larry Wagner, President of G.E. Richards, and Jeff Wagner, Vice President,
commented that "the addition of Freeman Graphic Systems to G.E. Richards
provides further strategic growth into new geographic areas that enhances
our growth opportunities as well as the ability to better serve national
accounts and our valued suppliers." Jeff Wagner commented further
that he "is pleased with the addition of Bill Freeman and the excellent
Freeman employees that the merger brings to Richard."
Dick Childers of Childers Consulting Group represented G.E. Richards
in this transaction as well as the recent acquisition of Gatchel’s
and the 1998 acquisition of Graphic Express of Richmond and Norfolk, VA.
Contact: Dick Childers, President, Childers Consulting Group, 27026 Masters Parkway, Spicewood, TX, 78669. Phone: 830-693-3407. Email: rd.childers@Juno.com
