Business Management - M&A
PRINTING United Alliance Board of Directors members Scott Crosby, of Transcontinental Holland & Crosby, and Paul Cousineau, of Dow Jones & Co., share their thoughts on the benefits of the recent merger between SGIA and PIA; convergence trends within the printing industry; and their expectations for a successful PRINTING United event in Atlanta this October.
As the industry converges and consolidates, so have many trade associations. This might be best exemplified by the recent merger of SGIA and PIA, which is reflective of the ongoing consolidation in the highly fragmented and diverse universe of companies that make up the industry.
The Specialty Graphic Imaging Association and Printing Industries of America, which merged on May 1, 2020, today announce the new organization name as a combined company: PRINTING United Alliance. PRINTING United Alliance also announces its official board of directors as a merged entity.
New Direction Partners experts will present an update on current printing and packaging industry trends.
MBO Group is now a wholly-owned subsidiary of Komori Corporation under the new company name MBO Postpress Solutions GmbH. The merger will allow Komori to provide solutions from start to finish and to extend its print solutions to a wider range of applications.
As of May 1, SGIA and PIA will officially unite in a merger of the two entities, which will bring resources and services together under one roof to best support future industry growth and longevity.
BOBST has acquired a majority participation of 51% in CITO-SYSTEM, a company that provides components for the converting and die-making industries with expertise in paper, cardboard, and corrugated board. The strategic investment is intended to drive innovation in tooling and in packaging production.
Just as the COVID-19 outbreak created financial uncertainty on Wall Street and on Main Street, it has also put a deep freeze on impending M&A mega-deals. The novel coronavirus has scuttled Xerox Holdings' $34.9 billion, $24 per share unsolicited, hostile takeover attempt of fellow printing industry icon HP Inc.
The Target Report is usually a gestalt of the prior month’s transactional activity. However, given the seismic nature of the current crisis, the rear view mirror is less useful, so we’ll depart from our usual style this month, look backwards just a bit, and offer our view through the front windshield.
Mesirow Financial acted as the exclusive financial advisor to Mac Papers in its sale to private investment firm Monomoy Capital Partners. Monomoy plans to invest significant capital into Mac Papers to facilitate and accelerate its continued growth.