Industry Swims Upstream – August 2014 M&A Activity
Performance Printing in Dallas, Texas enhanced its Performance POP division with the acquisition of Miramar Designs, a Fort Worth company that specializes in the design of in-store displays. Offering a variety of specialized printing techniques, including lenticular printing, personalized plastic card printing as well as point-of-purchase displays, the company now offers creative design services.
Rock-Tenn, a $9.8 billion company which produces containerboard and paperboard in its own mills, is also a major printing company in the packaging and display segments. RockTenn acquired the AGI In-Store company from American Greetings, producer of greeting cards. Located in Forest City, North Carolina, the acquisition brings additional design capabilities to RockTenn, along with manufacturing capabilities that include metal, wood and plastic fabrication. The operation has been bolted onto the company’s impressive vertically integrated merchandizing display operations. This is RockTenn’s second acquisition this year in the merchandizing display segment, following their acquisition in January of NPG in Chattanooga, Tennessee.
The churn and turbulence in the newspaper business that we reported on last month continued in August. The Tribune Company completed its spinoff of its newspaper publishing business. Gannett made its own split official in August, and announced that it will be joining virtually all the major multi-media companies as they jettison their print-centric business units. In the minor leagues, however, the opposite is true as acquisitions of regional and community newspapers continued unabated. Metro US, a daily paper in Philadelphia, acquired City Paper, a weekly paper that serves the same market. Adams Publishing Group, headquartered in Minneapolis, MN, continued its roll-up of community newspapers with the acquisition of Chronotype Publishing in Rice Lake, Wisconsin. (See The Target Report for July and March for Adam’s prior transactions this year). In stark contrast to the major metro newspapers, Adams is adding printed products to its holdings of radio stations, magazines, outdoor advertising and commercial printing.