X-Rite Acquiring Pantone to Extend Reach in the Color Industry

GRAND RAPIDS, MI—08/23/07—X-Rite, Incorporated (Nasdaq:XRIT) a leading provider of color solutions for measuring, formulating, matching, and simulating color, announced today it has entered into a definitive agreement to purchase Pantone, Inc. for $180 million. The deal is expected to close in the fall of 2007.