Founded in 1960 in Wilmington, Massachusetts. Under Billy Garth this company changed the world of photocomposing with its low cost typesetters. The large type library is uneven in quality, with few original designs. In the late 1980s Compugraphic developed FAIS, a scalable font format to do battle with Type 1 and TrueType; it continues inside Hewlett-Packard laser printers. In 1988 the company was wholly acquired by Agfa, which had held a majority stake since 1982.