ST IVES' U.S. DIVISION -- Adding to the Equation

Not surprisingly, any merger or acquisition in the commercial printing industry that transpires during the current climate needs to be the proverbial strategic fit. The poster child of such transactions is the marriage of Avanti/Case-Hoyt to St Ives, which took place earlier this year. St Ives acquired the outstanding common stock for a cash consideration of $42 million in February. The deal comes roughly eight years following the merger of Avanti and Case-Hoyt.