Global Graphics sells hardware division to management
May 13, 2002 12:00 PM, AP staff
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.
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