Facebook Twitter LinkedIn Google Plus RSS

Westfield-based Digiplex purchases Baltimore DMA Multiplex

By ,

Westfield-based Digital Cinema Destinations Corp., a motion picture exhibitor dedicated to transforming movie theaters into digital entertainment centers, announced Friday the acquisition of a seven-screen theater in Churchville, Md. from Flagship Cinemas.

According to the announcement, Digiplex Chairman and CEO Bud Mayo said, "Digiplex continues its active M&A strategy as we further expand our unique digital circuit into top US markets. We have three additional pending locations that would add an aggregate of 32 screens to the Company’s growing footprint and a healthy pipeline of other expansionary opportunities in various stages of negotiations."

Consideration for the acquisition was a combination of cash and DCIN common stock.  Additional financial terms were not disclosed.


Two New Jersey companies on the list of world's most ethical companies

Christie gets bridge scandal question at Flemington town hall

Real Estate Report: CPA firm SaxBST, looking to give back, is raising funds with fun run

More From This Industry

Emily Bader

Emily Bader

Emily Bader is the Web Editor and Social Media Coordinator at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy