Artcraft Book-of-Business Sold in Two M&A Transactions
Graphic Arts Advisors (GAA), a leading M&A advisory and consulting firm serving clients in the printing, mailing, packaging, and graphic communications industries, is pleased to announce that The Artcraft Co., Inc. (“Artcraft”) of North Attleboro, Massachusetts, has recently sold its book-of-business assets to two separate strategic buyers in coordinated M&A closings.
GAA found both buyers and put the complementary deals together in a managed process that was completed, from start to finish, within 60 days. Sunset Printing of Wharton, NJ, acquired Artcraft’s print, letterpress, and engraving customer business, while CFS of Norton, MA, purchased Artcraft’s promotional products business. GAA then brought in the auction firm Thomas Industries to sell the legacy entity’s manufacturing equipment.
“Artcraft was a unique project in that the company had two distinct lines of business,” commented Michael Wurst, GAA Managing Director, who served as lead advisor to Artcraft. “The key was to find buyers for each line of business who were flexible and willing to collaborate with each other to sort out the few overlapping clients and establish ground rules for cooperating into the future.”
“We have known Mark Hahn of Graphic Arts Advisors for years,” said Rob Wainer, President of Sunset Printing. “Mark understands Sunset’s unique business, and he knew this opportunity was a great fit for our company. GAA partners Michael Wurst and John Hyde came into the picture as needed and they worked closely with our internal and hired advisory team to navigate the challenges that were discovered along the way. They quickly moved this forward towards the closing, with a positive outcome for all involved.”
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Printing Impressions.
