December 5, 2024 (press release) –
Artcraft Book-of-Business Sold by Graphic Arts Advisors in Two M&A Transactions
MOUNTAIN LAKES, NJ, November 30, 2024 - Graphic Arts Advisors (GAA), a leading M&A advisory and consulting firm serving clients in the printing, mailing, packaging, and graphic communications industries, is pleased to announce that The Artcraft Co., Inc. (“Artcraft”) of North Attleboro, MA, has recently sold its book-of-business assets to two separate strategic buyers in coordinated M&A closings.
GAA found both buyers and put the complementary deals together in a managed process that was completed, from start to finish, within 60 days. Sunset Printing of Wharton, NJ, acquired Artcraft’s print, letterpress, and engraving customer business, while CFS of Norton, MA, purchased Artcraft’s promotional products business. GAA then brought in the auction firm Thomas Industries to sell the legacy entity’s manufacturing equipment.
“Artcraft was a unique project in that the company had two distinct lines of business,” commented Michael Wurst, GAA Managing Director, who served as lead advisor to Artcraft. “The key was to find buyers for each line of business who were flexible and willing to collaborate with each other to sort out the few overlapping clients and establish ground rules for cooperating into the future.”
“We have known Mark Hahn of Graphic Arts Advisors for years,” said Rob Wainer, President of Sunset Printing. “Mark understands Sunset’s unique business, and he knew this opportunity was a great fit for our company. GAA partners Michael Wurst and John Hyde came into the picture as needed and they worked closely with our internal and hired advisory team to navigate the challenges that were discovered along the way. They quickly moved this forward towards the closing, with a positive outcome for all involved.”
About Graphic Arts Advisors:
Graphic Arts Advisors, LLC is an M&A advisory and consulting firm focused exclusively on the printing, packaging, mailing, marketing production services, and related graphic communications industries. Graphic Arts Advisors publishes The Target Report, a leading monthly trade commentary and overview of industry direction based on publicly reported transactions. Graphic Arts Advisors is headquartered in Mountain Lakes, NJ, with advisors throughout the US.
For more information, please visit https://www.graphicartsadvisors.com/.
Contact:
Mark Hahn
Senior Managing Director
Graphic Arts Advisors
973-588-7399
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