Mergers and Acquisitions — When Sweet Turns to Sour

By the Numbers

The pace of transactions in the printing industry increased in 2007. Although the numbers of deals, on average, has increased since the low of 2001, the valuation “craziness” exhibited during that timeframe has not re-surfaced, nor do we expect it to in the near term. Too many of the national buyers were “burned” by overpaying for companies and were forced to liquidate, sell or file for bankruptcy protection.