Pittsburgh-based Matthews International has reached a deal to obtain Schawk Inc. for about $577 million, the Pittsburgh Business Times reported. As part of the deal, Schawk shareholders will receive $11.80 in cash and 0.20582 shares of Matthews stock for each Schawk share.
Significant transactions were announced throughout the spectrum of
packaging technologies in March, from the basics—paper making for
packaging products, to the sophisticated—global management of brand
identity at multiple print providers across the globe, many using
different printing technologies.
One way to move into packaging is to buy your way in. Transcontinental did exactly that by acquiring flexible packaging printer Capri Packaging. Although the full details of the transaction were not made public, based on its stated goal to jump into flexible packaging, the acquisition looks like a smart deal for Transcontinental.
CHICAGO—Pittsburgh-based Matthews International has reached a deal to obtain Schawk Inc. for about $577 million, the Pittsburgh Business Times reported.
Matthews International's corporate headquarters is expected to
remain in Pittsburgh in the wake of Monday's announcement that it
will acquire Schawk Inc., also known as SGK Inc., in a cash and
stock deal worth $577 million.
"It positions us as a global leader" in the brand marketing industry worldwide, said Matthews International President and CEO Joseph C. Bartolacci during a conference call with analysts Monday morning.
Matthew's brand solutions business will be an $850 million annual business when the two companies brand operations are combined as SGK and led by SGK CEO David Schawk. Schawk, whose father Clarence started the business
Schawk USA has signed an agreement with GMG to standardize on GMG ColorProof and GMG OpenColor as the primary proofing and color management technology for all Schawk! locations worldwide.
The Garvey Group has acquired the wide-format printing division of Schawk Inc. The new facility will be rebranded as The Garvey Group West Large Format Facility, and will remain in Los Angeles.
NILES, IL—The Garvey Group announced it has acquired the wide-format printing division of Schawk Inc., a brand management firm. The new facility will be rebranded as The Garvey Group West Large Format Facility, and will remain in Los Angeles.
The Garvey Group in Niles, IL, has acquired the large-format printing division of Schawk Inc., based in Los Angeles. The Garvey Group's new facility will be re-branded as The Garvey Group West Large Format Facility.
To help drive brand profitability, Schawk! has redefined the role of brand deployment. "Our ability to produce brand assets and protect their equities for packaging allows us to execute expertly in other mediums with relative ease,” noted David Schawk, CEO.
In honor of Schawk Inc.'s 60th anniversary, Founder and Chairman Clarence W. Schawk, along with members of Schawk's executive leadership team, will ring the NYSE Opening Bell on Friday, June 7, at 9:30am (EDT). The company started trading on the NYSE in 1995.