Pitney Bowes to Acquire Print, Inc.

Pitney Bowes, Stamford, Conn., recently announced it has signed a definitive agreement to acquire 100 percent of the stock of Print, Inc., Bellvue, Wash., for approximately $47 million, net of cash and debt.

Print, Inc. is a leader in a rapidly growing component of the print management market that provides bundled offerings of printer supplies, service and equipment to manage document production. These operations will be integrated into a wholly-owned subsidiary of the company, and operate as part of its Pitney Bowes Direct group led by Neil Metviner, executive vice president and president of Pitney Bowes Direct.