The move combines 275 years of experience to establish streamlined customer service from an industry powerhouse.
Des Moines, Iowa – LBS, a manufacturer and distributor of materials for the production of books and luxury packaging, has announced its plans to acquire the assets of Gane Brothers & Lane, Inc. The transaction is expected to close by December 10, 2020, subject to customary closing conditions and approvals.
“This strategic acquisition is the result of a compelling fit of Gane’s product offering and industry reputation with our strategic plan of becoming the market leader in supplying high-quality materials and solutions for the bookbinding and luxury packaging markets,” said Rob Mauritz, President & CEO, LBS. “The shared history, established reputation, and complementary product lines between LBS and Gane make the acquisition an ideal addition to our business offerings. It further solidifies our long-standing reputation in this industry as a committed, leading partner for our customers and suppliers.”
Once the acquisition is finalized, Gane’s Illinois operation will be merged with LBS’ operation in Des Moines, Iowa. The company plans to hire additional staff to ensure consistent outstanding service, which customers have come to expect from both companies. LBS anticipates increased stability in the book and packaging markets.
“We are intentionally investing in our core markets to offer our customers a streamlined service experience across the board,” said Joe Dunham, Senior Vice President, LBS Sales. “By doubling down on our commitment to the book manufacturing, publishing, and luxury packaging industries, we can offer a wider range of products as a one-stop shop to serve all our customers’ needs.”
The combined product and customer portfolios of LBS and Gane Brothers & Lane, Inc., will make for a smooth transition for both customers and suppliers. “We’ll be conducting the same business as before, just under one roof,” said Mauritz. “This translates to a streamlined supply chain and even better service without interrupting regular business operations.”