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) of approximately 27 percent of revenues.
Anticipated strategic, operational and financial benefits of the acquisition include deepening X-Rite’s range of offerings by adding color standards to its leadership position in hardware, software and services solutions.
“We are very excited to welcome Pantone into the X-Rite family,” said Tom Vacchiano, X-Rite’s CEO. “We expect the combination of our two businesses to further strengthen X-Rite’s position as the market’s leading and most comprehensive color management solutions provider.”
Pantone will become a new business unit within X-Rite. Current Pantone leaders will continue to play key roles in the organization.