You Tube

Skip Navigation LinksNews > Mergers & Acquisitions > Two East Coast Printers Merge
Printer Friendly

Two East Coast Printers Merge
Volume 781
Jan. 13, 2011

FaceBook Twitter Delicious Digg LinkedIn

Maryland-based Corporate Printing Solutions (CPS) (asi/169127) and Frank Gumpert Printing have merged to form a new firm, the companies have announced. Financial terms of the deal, which was finalized on January 1, were not disclosed. The merged company, employing 94 workers, is called CPS/Gumpert. “This is a merger of strength,” says Shannon O’Brennan, director of marketing for CPS/Gumpert. “CPS is known for its large-format printing and heavy-duty graphics, and Frank Gumpert has a strong digital printing side.”
Per the agreement, CPS/Gumpert will maintain two locations – one in Hunt Valley, MD, and another in Annapolis. Jeff Ostenso, president of Frank Gumpert, will serve as CEO of the new firm, while CPS president, Scott Hargest, will retain that title. Besides specializing in a variety of printing services, CPS/Gumpert will now offer graphic design, warehousing and fulfillment, trade show exhibit development and promotional products. “It’s really all about our customers,” says Hargest. “The combining of two successful entities certainly enables our clients to access a variety of communications services efficiently from a single source. Clients have been asking us to do more. Now we can.”
Combined, according to O’Brennan, CPS and Frank Gumpert generate annual revenues of roughly $18 million. “We expect that number to go up now,” she says. “We think we’ll hit $20 million in 2011.”

Sponsored By:

Making You Money: What ASI is all about.

Promotional products, also known as ad specialties, make up a $20.5 billion dollar industry and are used by virtually every business in America. Why? Items like mugs, pens and t-shirts are memorable and provide a better cost per impression for advertisers than almost every major marketing effort like prime time TV, magazines and radio.

With so many businesses buying ad specialties there is a huge opportunity for professionals looking to make great money running a promotional products distributorship. It’s easy and inexpensive to get started and you can work from home.

© 2014, The Advertising Specialty Institute®. All Rights Reserved.

  • A business opportunity to reinvent your career in an exciting field
  • Work at home - for yourself - not by yourself
  • Make money selling ad specialties
  • Partner with a time-tested industry leader
  • Get started instantly with all the tools you need