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December 5, 2007
By: DAVID SAVASTANO
Editor, Ink World Magazine
X-Rite, Inc. has completed the purchase of Pantone, Inc. for a purchase price of $180 million. The transaction was funded exclusively with cash, financed through new borrowings. Pantone, Inc., headquartered in Carlstadt, NJ, is the worldwide market leader in color communication and specification standards in the creative design industries. Pantone generated revenues of approximately $42 million in 2006 with adjusted EBITDA (earnings before interest, taxes, depreciation and amortization)...
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