Business
DATA Communications Management Corp. Announces Closing of Previously Announced Acquisitions of Eclipse Colour & Imaging Corp. and Thistle Printing Limited and Increased Credit Facilities
DATA Communications Management Corp. Announces Closing of Previously Announced Acquisition...
About this update from Data Communications Management Corp.
[{"type":"text","content":"\n\n\n\nDATA Communications Management Corp. Announces Closing of Previously Announced Acquisitions of Eclipse Colour & Imaging Corp. and Thistle Printing Limited and Increased Credit Facilities\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nDATA Communications Management Corp. Announces Closing of Previously Announced Acquisitions of Eclipse Colour & Imaging Corp. and Thistle Printing Limited and Increased Credit Facilities\nCanada NewsWire\nBRAMPTON, ON, Feb. 22, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ \n\n\n\nBRAMPTON, ON, Feb. 22, 2017 /CNW/ - DATA Communications Management Corp. (TSX: DCM)(\"DATA\" or the \"Company\") announced today that it has closed the previously announced acquisitions of Eclipse Colour & Imaging Corp. (\"Eclipse\") and Thistle Printing Limited (\"Thistle\").  DATA also announced that it has increased the total available commitment under its senior revolving credit facility with a Canadian chartered bank by $10 million to up to $35 million and completed an amendment to its term facility with the Integrated Private Debt (\"IPD\") division of Integrated Asset Management Corp. (TSX:IAM) which provides DATA with a total borrowing base of up to $72 million from $50 million. \n\nAcquisition of Eclipse Colour & Imaging Corp. \n\nEclipse is a leading Canadian large-format and point-of-purchase printing and packaging company, with approximately 100 employees operating in an 80,000 square foot facility located in Burlington, Ontario.  The acquisition of Eclipse adds significantly expanded wide format, large format, and grand format printing capabilities to DATA's portfolio of products and services, with Eclipse having a product mix focused on in-store print, outdoor, transit, display, packaging, kitting and fulfilment capabilities.  With the completion of this transaction, DATA intends to relocate its current wide format capabilities from its Ambassador Road, Mississauga, Ontario facility to Calgary, Alberta.  The combined...