Merger with Hand Pack Forms New Premium Color Graphics
“This is truly a ‘merger of equals’ that will enhance the competitive position of both businesses,” states John Hyde, vice president and senior consultant of NAPL, an industry association providing business management services to the graphic communications and printing industry. NAPL provided merger advisory services for the transaction which included objective oversight in the drafting of structural agreements and helping facilitate the merger process in a more timely fashion.
“A successful merger is more than just legal paperwork,” notes Hyde. “It is frequently what’s done after the signatures dry on contracts including how employees are advised of the merger and motivated to realize they are a key part of the success of the new organization. These two companies are doing everything right to position themselves for future success and growth. These types of strategic alliances and operational consolidations are one of many strategies that NAPL recommends to help companies become more competitive, productive and valuable to their clients.”
Chartered in 1933, NAPL is a not-for-profit business management association representing companies in the $120 billion printing and graphic communications industry. NAPL’s comprehensive slate of business-building solutions provides company leaders with the management tools they need to make informed business decisions in an ever-changing market environment. The association also handles the administration of NAQP, the National Association of Quick Printers, which specializes in the unique concerns of small printers nationwide, and the industry’s Research and Engineering Council, which is dedicated to manufacturing technology and productivity-improvement issues. For more information on NAPL or its affiliated associations, visit www.napl.org or call 800-642-6275.