Goss Goes to Investor Group

Last month, Goss Graphic Systems, Inc. was bought by Goss International Corporation, whose majority shareholder is CSFB Global Opportunities Partners, L.P., which is associated with Credit Suisse First Boston. Additional investors include DK Acquisition Partners, L.P.; JPMorgan Chase Bank; and LBI Group, Inc., an affiliate of Lehman Commercial Paper, Inc.

"Our owners' long-term investment approach, combined with the new company's very modest level of debt, provide Goss International great financial stability, which will give us an enormous advantage in meeting our business objectives and satisfying our customers' needs," said Joseph P. Gaynor III, executive vice president and chief financial officer.

Goss International will sell a full range of single- and double-width press systems to newspaper and commercial printers throughout the world. It will also provide installation services, parts, and aftermarket support.

Goss's European and Asian operations will continue to play a major role in the new company's global activities as the principal source of its newspaper press systems.