Business Management - M&A
Following last week's news that SGIA acquired NAPCO Media, the parent company of Packaging Impressions, SGIA CEO Ford Bowers and NAPCO Media President Dave Leskusky discussed the acquisition in further detail and the impact it will have on the industries the organizations serve.
Sonoco has completed the acquisition of Corenso Holdings America, Inc., a U.S. manufacturer of uncoated recycled paperboard and high-performance cores in the packaging industry, from a company owned by investment funds advised by Madison Dearborn Partners, LLC and management.
In 2017, SGIA and NAPCO Media formed a strategic partnership to create a global platform to connect print service providers and suppliers with the launch of PRINTING United in 2019. Under the terms of the acquisition agreement, NAPCO Media, owner of Packaging Impressions, will become an LLC and will continue to operate as an independent entity. All NAPCO Media staff and business units will remain in place.
Quad and LSC Communications agreed to terminate their merger agreement whereby Sussex, Wis.-based Quad would have acquired Chicago-based LSC for $1.4 billion in an all-stock transaction. They were facing a trial to fight a lawsuit by the U.S. Department of Justice seeking to block the deal based on antitrust concerns.
The previously announced acquisition of EFI by an affiliate of Siris Capital Group is now complete. With the approximately $1.7 billion deal, EFI's common shares will be delisted from the NASDAQ exchange. The company will still operate as Electronics for Imaging.
Family-owned businesses are the backbone of the printing industry, but when the time comes for closely held firms to put themselves up for sale, family ties don’t always pull in a helpful direction. With the right strategy in place however, family-owned businesses can be involved in transactions that lead to beneficial results for all involved.
Durst and Koenig & Bauer appoint Robert Stabler to lead new joint company for digital packaging printing system, Koenig & Bauer Durst.
The combined label printing company, which will be known as Multi-Color Corp. and headquartered in Cincinnati, is a $2.2 billion enterprise with 86 plants in 26 countries and 10,000 global employees. WS Packaging is now a business unit of Multi-Color, but will continue to maintain its headquarters in Green Bay, Wis.
The DOJ appears very adamant about its opposition to the proposed merger of the two companies.