Business Management - M&A

Cenveo has announced the sale of its long-run labels and receipt paper assets to Iconex LLC, a portfolio company of Atlas Holdings. The sale includes plants in Joplin, Mo. and Jefferson City, Tenn., along with certain assets of the Vernon, Calif. plant. The acquisition will allow Iconex to expand on its current portfolio of label solutions.

EFI's announcement about its intentions to be acquired by private equity firm Siris Capital Group in an all-cash transaction valued at $1.7 billion shouldn't come as a total surprise. After all, the private equity world has been taking notice of the printing and, especially, packaging markets for a while now.

Under the terms of the agreement, which has been unanimously approved by EFI’s Board of Directors, an affiliate of Siris will acquire all the outstanding common stock of EFI for $37 per share in cash. The purchase price represents an approximately 45% premium over EFI’s 90 day volume weighted average price ended on April 12, 2019.

In this session, New Direction Partners experts share what they have found to be the 10 attributes of high growth printing companies

When the sale of a printing or a packaging business as a going concern isn’t feasible, there’s another, mutually rewarding way to transfer ownership and keep customer relationships intact.

Multi-Color Corporation has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity LLC.

TricorBraun, a global packaging leader, has acquired Pacific Bag, LLC, one of the largest independent U.S. distributors of flexible packaging. The company will combine Pacific Bag with its existing flexibles business, Taipak, to create TricorBraun Flex, a new business unit focused on flexible packaging.

Fortis Solutions Group has announced its acquisition of Infinite Packaging Group, which has locations in Lewisville, Tex. and Catoosa, Okla. Infinite Packaging is a full-service label converter, providing pressure-sensitive labels and shrink sleeves, among other products and services.

In an M&A transaction, navigating the sequence of events dictated by the closing process needs to be carefully managed so the parties involved can successfully reach the point where they can say, "Congratulations - we did it!"

In an effort to expand its West Coast presence, Resource Label Group has acquired Best Label Company. Best Label, which has locations in Cerritos, Calif., and Union City, Calif., utilizes letterpress, flexographic and digital printing to provide labels to multiple market segments.