Friday, December 2, 2011

Multi-Color Acquires York Label – October 2011 M&A Activity

There are five bankruptcy listings this month that together represent a diverse cross section of the industry, including a box manufacturer, a commercial printer, a trade printer, a copy center and a reprographic shop. Notable transactions this month included a sizable acquisition by Multi-Color Corporation in the label space, and a plant closing by Henry Wurst with 68 jobs lost.

2011 October - Mergers and Acquisitions in the Printing, Packaging & Paperboard Industries
Deal Party #1
(Surviving Entity)
Pre-Deal Revenues ($Mil ) Party #1 Address Deal Party #2 Pre-Deal Revenues ($Mil ) Party #2 Address Date Deal Public Deal Value ($Mil) Deal Structure
Notes Press Releases
Advanced Web Technologies No Data Minneapolis, MN US Converting No Data South Elgin, IL 10/26/11 No Data Acquisition Wide web flexible packaging Link
Henry Wurst, Inc. No Data Apex, NC N/A No Data N/A 10/24/11 No Data Plant Closing 68 jobs lost. Link
Professional Printers $12.1 W. Columbia, SC R.L. Bryan $9.0 South Carolina 10/21/11 No Data Strategic Alliance & Equipment Sale Link
Mailmen, Inc. No Data Islandia, NY Madcar Company No Data Ronkonkoma NY 10/5/11 No Data Acquisition Link
Multi-Color Corporation No Data Batavia, OH York Label Group No Data Omaha, NE 10/3/11 $356.0 Acquisition $26 cash, $64 stock, $266 assumption of debt ($millions). Link

2011 October - Bankruptcy Filings in the Printing, Packaging & Paperboard Industries
Filing Party Date Case Filed Pre-Petition Revenues ($Mil ) Case # Filing Party Address Circuit Region & City Judge Attorney for Debtor Notes
Trent Box Manufacturing Co., Inc. 10/28/11 No Data 11-41236 Trenton, NJ 3rd New Jersey Trenton Michael B. Kaplan Allen I. Gorski Corrugated box mfg.
Carrollwood Copy Center and Printing, Inc. 10/20/11 No Data 11-19575 Tampa, FL 11th Middle Florida Tampa Caryl E. Delano David W. Steen Storefront print & copy center.
Boyd Brothers, Inc. 10/7/11 $18.0 11-50536 Panama City, FL 11th Northern Florida Panama City Lewis M. Killian Jr. Edward J. Peterson III Sheetfed & Web printer.
Tri-State Reprographics, Inc. 10/6/11 No Data 11-26215 Pittsburgh, PA 3rd Western PA Pittsburgh Judith K. Fitzgerald Steidl & Steinberg Reprographic shop.
Unique Impressions, Inc. 10/3/11 No Data 11-27917 Phoenix, AZ 9th Arizona      Phoenix Charles G. Case II Allan D. Newdelman Trade printer.