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Global Graphics sells hardware division to management

May 13, 2002 12:00 AM

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Global Graphics (Pompey, France), an OEM supplier of printing, electronic document and workflow software and manufacturer of Harlequin and Jaws RIPs, has completed the sale of its hardware division to a management buyout team lead by Gary Jones, former board director and hardware-division COO. The transaction includes the lithographic, flexographic, letterpress and scanning equipment-manufacturing business worldwide. Global Graphics decided to put the division up for sale in February following a reportedly steep decline in demand in 2001 for hardware equipment from OEMs in the graphic-arts market.