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

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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."

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