Trade Resources Industry Views ASG to Sell North American and Asian Print Businesses to MPS for an Undisclosed Amount

ASG to Sell North American and Asian Print Businesses to MPS for an Undisclosed Amount

AGI Global Holdings Coöperatief and AGI-Shorewood Group US Holdings, which together form ASG, will sell their North American and Asian print businesses to Multi Packaging Solutions (MPS) for an undisclosed amount.

With this acquisition of ASG which provides its services to companies in places like the US, Canada, Mexico and China, MPS will be able to expand its network and customer base.

While AGI-Shorewood Group is a specialty packaging manufacturer, MPS provides its packaging solutions to the healthcare and branded consumer markets.

Speaking about the acquisition, ASG chairman Mike Jackson further added: "We are pleased to announce this transaction, which will be beneficial to our customers and our associates throughout North America and Asia.

"We are proud of the high quality and innovative print packaging we have designed and delivered to leading home entertainment and packaged goods manufacturers in the US, Canada, Mexico and China. And we believe that MPS will be an excellent home for our more than 1,600 associates at our seven plants in these countries."

While Barclays and Ernst and Young advised MPS on the transaction, Ropes and Gray served as its legal counsel. ASG was advised by Deloitte Corporate Finance. Pillsbury Winthrop Shaw Pittman acted as their legal counsel for the deal.

Source: http://automationandtechnology.packaging-business-review.com/news/asg-to-sell-north-american-and-asian-print-businesses-to-multi-packaging-solutions-041114-4426595
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ASG to Sell North American and Asian Print Businesses to Multi Packaging Solutions