Formetco announced this week the sale of its grand format printing division to Outdoor Image, LLC. With the recent growth in the LED Digital Billboard market, Formetco is clearly responding by focusing on expanding its share and focus on their LED Digital Sign product lines.
Outdoor Image, LLC is owned by Boxwood Capitol an investment company controlled by Russell Currey. The general manager of Outdoor Image is Ralph Ward. Both Mr. Ward and Mr. Currey have backgrounds in high-graphics paper packaging and an understanding of the technology used in grand format printing.
Formetco has been supplying printed signs to the outdoor advertising industry for nearly 20 years.
Formetco and Outdoor Image officially completed the transaction on October 1st, 2013.