Agfa Corporation has sold its Duratex Media business of wide and grand format substrates to Grimco, a national supplier of wholesale sign supplies, substrates and sign printing equipment.
In addition, Grimco is acquiring Agfa's business relating to the purchase and resale of certain third-party manufactured wide-format products such as flexible, rigid and aqueous substrates, and certain HP and Epson manufactured printing equipment, inks and related service and maintenance activities.
Since its acquisition of Pitman nearly 10 years ago, Agfa has grown the Duratex brand, the company says.
“Selling media has been a successful part of our digital print business, but we believe it is better positioned with a company whose total focus is distribution to propel it to the next level of growth,” said Gunther Mertens, president, Agfa North America. Agfa is headquartered in Belgium.
Agfa and Grimco have also entered into an agreement for Grimco to become a nation-wide authorized reseller in the United States of Agfa's Anapurna inkjet printer portfolio.