M&A Deal Summary

IG Design Group Acquires CSS Industries

On January 20, 2020, IG Design Group acquired consumer products company CSS Industries for 88M USD

Acquisition Highlights
  • This is IG Design Group’s 3rd transaction in the Consumer Products sector.
  • This is IG Design Group’s largest (disclosed) transaction.
  • This is IG Design Group’s 2nd transaction in the United States.
  • This is IG Design Group’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-01-20
Target CSS Industries
Sector Consumer Products
Buyer(s) IG Design Group
Deal Type Special Situations/Distressed
Deal Value 88M USD
Advisor(s) Guggenheim Securities (Financial)
Morgan Lewis
Troutman Pepper Hamilton Sanders (Legal)

Target

CSS Industries

Plymouth Meeting, Pennsylvania, United States
CSS Industries, Inc. is a consumer products company primarily engaged in the design, manufacture, procurement, distribution, and sale of all occasion and seasonal social expression products, principally to mass-market retailers. These all occasion and seasonal products include decorative ribbons and bows, classroom exchange Valentines, infant products, journals, buttons, boxed greeting cards, gift tags, gift card holders, gift bags, gift wrap, decorations, floral accessories, craft and educational products, Easter egg dyes and novelties, memory books, scrapbooks, stickers, stationery, and other items that commemorate life’s celebrations. CSS Industries was founded in 1923 and is based in Plymouth Meeting, Pennsylvania.

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Buyer(S) 1

Buyer

IG Design Group

Newport Pagnell, United Kingdom
Category Company
Founded 1978
Sector Consumer Products
Employees3,301
Revenue 890M USD (2023)
DESCRIPTION

IG Design Group is a designer, manufacturer, source and distribute a wide array of products for life’s important occasions, to help transform moments into memories. IG Design Group was founded in 1978 and is based in Newport Pagnell, the United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 3 of 3
Type (Special Situations/Distressed) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-21 Biscay Greetings Pty

Dandenong, Australia

Biscay Greetings Pty Ltd. is a greetings card and paper products business based in Australia. Biscay provides greetings cards and related products to an extensive base of almost 2,000 customers through regional, wholesale distributors, and independent retail channels across Australia and New Zealand.

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Legal