Mergers & Acquisitions

In a new agreement, Gannett Co. will acquire all of the outstanding common stock of Journal Media Group for approximately $280 million, net of acquired cash. Under the terms of the transaction, which was unanimously approved by the boards of directors of both companies and is subject to Journal Media Group shareholder approval, Journal Media Group shareholders will receive cash of $12 per share in cash.

The last significant bastion of the print/broadcast synergistic strategy, Meredith Corp., has agreed to be acquired by Media General.

To extend its leadership into the packaging market, EFI has merged CTI into its Productivity Software Business Unit.

New Direction Partners compiles two charts that are published quarterly in Printing Impressions and packagePRINTING: the NDP Printing And Packaging EBITDA Trend Chart, and the NDP Printing And Packaging Stock Index. For now, let’s review the trend in EBITDA multiples for the two industry segments during the second quarter of 2015.

W.D. Hoard’s printing business, located in Fort Atkinson, Wisconsin, will be merged into Royle’s print operations.

In a transaction that closed on Sept. 18, 2015, American Industrial Partners (AIP) acquired Goss International from Shanghai Electric.

Midland Paper, Packaging + Supplies will acquire the assets and business of Shaughnessy, Kniep, Hawe Paper ("Shaughnessy"), one of the oldest and most respected independently-owned paper merchants in the U.S. The transaction is expected to close on Sept. 18, 2015. Commenting on the acquisition, Stan Hooker, chairman and CEO of Midland, said, "Shaughnessy has a long and distinguished history as one of the leading merchant distributors in the Midwest. We have known the owners and senior management of the company for many years and have the utmost respect for the quality of their organization and its people."

When the time comes to sell your business, it’s also time to start looking at machinery through different eyes.

In The Target Report’s August 2015 issue, Mark Hahn discusses the state of the newspaper industry.

Peter Schaefer, a Partner at New Direction Partners, discusses the results of NDP's EBITDA Trend Chart for the Second Quarter of 2015.