Log In | Become a Member | Contact Us


Leading printing executives into the future

Connect on Twitter | Facebook | LinkedIn

Featured:     European Coverage     Production Inkjet Analysis

Taylor Corp. Announces Acquisition of Standard Register, Inc.

Friday, June 19, 2015

Press release from the issuing company

Addition Brings Complementary Resources and New Market Opportunities to Taylor Corp. 

NORTH MANKATO, Minn. – Taylor Corp., one of the U.S.’s largest privately held companies and one of the top 10 graphics communications companies in North America, today announced that it will acquire the assets of Dayton, Ohio-based Standard Register (OTC BB: SRCT) 

The acquisition is the result of Taylor Corp.’s successful bid for the company through a bankruptcy auction held this week. Final approval of the sale is subject to resolution of outstanding objections before the U.S. Bankruptcy Court in the District of Delaware. Pending that approval, the parties expect to complete the transaction within 45 to 60 days.

With this acquisition, Taylor expects to add over 3,000 employees from Standard Register locations around the U.S. and Mexico. “We welcome Standard Register to our family of companies,” said Deb Taylor, chief executive officer of Taylor Corp. “Standard Register’s culture of meeting and anticipating their customers’ needs aligns perfectly with ours. We are very pleased to bring aboard thousands of employees whose talents will play a significant role in the success of our company. Together, we’ll have the scale and talent we need to pursue new market opportunities through a broader range of technology offerings, products, and services.”

Taylor added, “While Standard Register has encountered financial challenges, I have no doubt its best days are ahead. The acquisition by Taylor Corp. is the best possible outcome for all involved—and most of all Standard Register’s customers. Taylor Corp. provides the strong and reliable financial foundation that will allow the company to turn the page and focus on the future.”

 

Post a Comment

To post a comment Log In or Become a Member, doing so is simple and free

 

SHARE

Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2016 WhatTheyThink. All Rights Reserved