| Legion Paper Acquires Moab |
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New York, New York, USA, 02 November 2006 -- /PRNewswire/ -- Legion Paper, the largest supplier of fine art paper in North America, announced today that it has acquired Moab Paper Company, the leading manufacturer of archival digital papers and storage and display products. The acquisition will form the Moab by Legion Paper to create the most dynamic imaging company dedicated to the art of the digital fine print.
"Combining the worldwide fine art paper expertise of Legion Paper with the digital imaging product and manufacturing experience of Moab Paper Company is a natural fit," said Gregory Schern, Moab Paper Company president. Schern will head the new division, with distribution moving to Legion Paper's specialized warehouses in California and New Jersey. "The partnership enables Moab by Legion Paper to combine the strengths of both companies to offer the widest selection of high quality imaging solutions to professionals and photo enthusiasts alike," said Schern.
Legion Paper's COO, Joshua Levine, is excited about the merger and the benefits it will provide to our customers. "With the completion of this acquisition, Legion Paper continues to solidify its position as the leader in the sales and distribution of the world's finest papers. The new Moab by Legion Paper division draws on the heritage and innovation of both companies enabling us to develop new products for the evolving needs of today's demanding professionals," said Levine.
The transaction will be completed by the end of 2006.
About Moab
Moab Paper Company, located in Moab, Utah, is dedicated to the production of quality fine art and photographic media for the discerning professional. The full range of media is offered at a price that is attractive to the serious amateur artist and photographer, as well as the most demanding professional.
About Legion
Legion Paper is the largest distributor of fine art, museum mounting board, decorative, and digital art papers in North America, stocking over 3500 papers from over 50 mills worldwide. |
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