Packaging Holdings Announces Intent to Acquire Hamilton Printing
Press release from the issuing company
New York, NY - July 15, 2005- Packaging Holdings, Inc., a specialty printing and packaging company and a portfolio company of Bear Stearns Merchant Banking, today announced that it has signed a letter of intent to purchase Hamilton Printing, Inc. Hamilton Printing is headquartered in Louisville, KY and provides multimedia and commercial print solutions for products including video games and computer software. The acquisition will be integrated with Packaging Holdings’ Multi Packaging Solutions (“MPS”) division. The transaction is expected to close within the next 30 days. Terms of the transaction were not disclosed.
Marc Shore, Packaging Holdings’ Chief Executive Officer commented, “This is a tremendous opportunity for us to acquire a distinguished multimedia packaging supplier. Hamilton’s outstanding team and print capabilities are great additions to MPS.”
Steven Bass, Chairman and Chief Executive Officer of Hamilton Printing stated, “Randy Bloch and I are pleased about becoming part of Packaging Holdings. This combination is a strong match for our business and will provide Hamilton with the opportunity to better serve our growing customer base. The transaction also benefits our employees, who have built this company, as well as the local Louisville community. Packaging Holdings will provide substantial incremental resources to support Hamilton’s growth with initial plans to add significant new equipment and capabilities to our facility.”
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