Angstrom Leads Buyout of St Ives U.S.

HOLLYWOOD, FL—Wayne Angstrom, chairman and CEO of St Ives U.S., spearheaded the management-led buyout of the division from St Ives plc of London. The deal is valued at $39 million, including $34 million in cash. The consideration included a $5 million secured promissory note. The deal was completed in January. In addition, Angstrom—a 2003 Printing Impressions/RIT Printing Industry Hall of Fame inductee—resigned his position from the St Ives plc board of directors.