Visant Corp. and Phoenix Color Corp. Enter into Merger Agreement
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The deal is anticipated to close by the end of the first calendar quarter of this year. The total purchase consideration, subject to post-closing conditions, is $219 million. Houlihan Lokey acted as financial advisor to Phoenix Color in the transaction.
“We are very excited at the prospect of having Phoenix Color join the Visant Publishing Services business,” says Marc Reisch, CEO of Visant Corp. “Their outstanding facilities in Hagerstown, Md., and Rockaway, N.J., stand to further strengthen the efficiency and flexibility of our book-component production platform, providing significant value to both companies’ publishing customers.”
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- Companies:
- Phoenix Color
- Visant Corp.
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