Ballard Spahr Represents Cimarron Label in Acquisition by Inovar Packaging Group
Ballard Spahr represented Cimarron Label and Western Printing in its recent acquisition by Inovar Packaging Group. Debevoise & Plimpton LLC served as legal counsel to Inovar on this transaction. LB Transitions served as the M&A broker.
The acquisition is Inovar’s eighth platform company. With locations in Sioux Falls and Aberdeen, South Dakota, Cimarron Label adds to Inovar’s existing manufacturing footprint in Dallas, Texas; Newburyport, Massachusetts; Ft. Lauderdale, Florida; Milwaukee, Wisconsin; Kansas City; Kansas, Oceanside, California; and Westfield, Massachusetts.
Ballard Spahr’s Sioux Falls office managing partner Amy L. Arndt led the Ballard Spahr team that represented Cimarron Label and Western Printing in the transaction. It included litigation department chair Jason A. Leckerman, mergers and acquisitions group co-leader Barbara Lano Rummel, tax partner Jonathan R. Flora, and employee benefits and executive compensation partner Joshua T. Natzel. They were supported by intellectual property of counsel Jodi A. DeSchane, labor and employment of counsel Melissa R. Costello, and finance counsel Sandra Wintner. They were assisted by business and transactions associates Brooke A. Harms and Kelly L. Herrmann, litigation associates Fred G. DeRitis and Laura G. Sandman, and real estate associate William Ross Mitchell.
Inovar is executing on a strategic plan for growth, both organically and through acquisitions in partnership with owners and management, building a regionally based prime label business across North America. Inovar’s mission is to serve the needs of specialty consumer and durable products companies that value short lead times, innovative solutions, technical support and local service while also offering multiple locations and production options for redundancy and flexibility. “We are excited to partner with the teams at Cimarron Label and Western Printing” Jeff Brezek, executive chairman and CEO of Inovar Packaging Group, remarked in a written statement announcing the acquisition. “Randy Cowan and Steve Pfeiffer have built a first-class and industry-leading business focused on complex extended content and booklet labels. The team’s expertise is impressive, and they add many unique capabilities that will help drive significant value for our customer base and employees. Their reputation precedes them, and we couldn’t be more thrilled to combine our organizations.”
Cimarron Label and Western Printing, aka Cimarron Label, were established with the goal of delivering consistent, excellent service to its customer base. The firm touts years of experience serving complex end markets including AgChem, lawn and garden, and automotive.
Randy Cowan will continue to lead the business, while Steve Pfeiffer intends to retire. Via written statement, Pfeiffer remarked, “Given our intense focus on our customers and people, the fit of a potential future partner was critical. Inovar’s core values, company culture, and business strategy was a perfect match for Cimarron Label. We believe this partnership can yield incredible results for our employees, customers, and communities.”