Peter Schaefer, a partner at New Direction Partners, discusses why more and more private equity (PE) firms are seeking to acquire printing and packaging companies, how it's impacting sales multiples, differences between PE and strategic buyers, and if an economic downturn would impact current and new PE entrants.
Peter Schaefer
The Print and Graphics Scholarship Foundation elected several new members, as well as re-electing existing members to additional terms. The PGSF Board directs an endowed fund of just under $10 million that is dedicated towards encouraging young people to consider the graphics field as a career.
Book and magazine printing powerhouse LSC Communications voluntarily filed for business reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. The only surprise — perhaps expedited from the financial fallout of COVID-19 — is that the announcement came April 13.
New Direction Partners, a mergers & acquisitions resource for the printing and packaging industries, represented Holland & Crosby Limited in its recent sale to Transcontinental Inc.
In a product-focused model, the company focuses on producing a limited set of applications as competitively as possible and selling those across a variety of customers. In a customer-focused business model, businesses work to provide everything a customer needs, even if they don’t produce everything in-house.