POP! Retail Display Proves Attractive – January 2016 M&A Activity
In a reverse move, geographically, Atlanta, Georgia-based Graphic Packaging acquired Colorpak, a folding carton printer located in Braeside, Australia. Within the same week, Graphic Packaging announced that it was buying venerable Midwest folding carton printer Walter G. Anderson with plants in Minnesota and Iowa.
Private equity firm AEA Investors acquired Inovar Packaging Group in Arlington, Texas. Inovar produces a full range of packaging, including flexible packaging, pressure sensitive labels, shrink sleeves, and folding cartons. Fortis Solutions Group, which acquired two companies in June 2015, is back on our deal log, this time acquiring the label printing operation of its long-time customer Smithfield Foods. (We have seen this strategy before, such as when Transcontinental entered the flexible packaging business with the acquisition of an in-plant operation, securing the ongoing business as well – see The Target Report – March 2014).
Lamitech, a New Jersey converter and supplier of paperboard and converted products, acquired Signature Food Boards, an operating division of General Die & Die Cutting.* The line of laminated and diecut products is sold globally to bakeries, and is now an extension of Lamitech’s existing line of food packaging products.
Brand and graphics management software provider, BLUE Software, acquired online proofing software company Viki Solutions. The combined companies provide cloud-based solutions for package design, marketing process management, collaborative work processes, digital asset management, proofing and reporting.
VC-backed Mimeo, an online ordering system for print, acquired the assets of HubCast, the global distribute-then-print network. Mimeo has US manufacturing locations in Memphis, Tennessee and Newark, New Jersey with additional plants in the UK and Germany. The addition of HubCast adds a global network of pre-certified HP Indigo print providers to the Mimeo platform.**
Marketing Service Providers (MSP’s)
Thomson Printing, a commercial printer in St. Charles, Missouri, acquired Giant Hat, a digital marketing agency which specializes in website and development of apps. Sandy Alexander, the diversified commercial printer in Clifton, New Jersey, took another step in its evolution to become a provider of diverse marketing production support services with the acquisition of MCT/Liquid. The provider of premedia services will be combined with Sandy’s existing NYC-based visual media production boutique Salt Studios.