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Print ArticleUpdated: June 11th, 2009 11:35 AM GMT-05:00
ACCO Brands Completes Sale of Commercial Print Finishing Business
ACCO Brands
ACCO Brands Corporation has completed the sale of its commercial print finishing business to Cosmo Films Limited, a manufacturer of BOPP and thermal films based in India. Terms of the transaction were not disclosed.
The commercial print finishing business, with approximately $100 million in revenue, was placed into discontinued operations in the fourth fiscal quarter ended December 31, 2008.
ACCO Brands is retaining its digital print finishing business, which serves the on-demand and wide-format markets for laminating equipment, supplies, and services. BMO Capital Markets and Vedder Price P.C. were advisors to ACCO Brands for the transaction.
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