Divestiture • Consumer Products

LSC Communications Acquires Herff Jones

On September 5, 2023, LSC Communications acquired consumer products company Herff Jones from Varsity Brands

Acquisition Context
  • This is LSC Communications’ 1st transaction in the Consumer Products sector.
  • This is LSC Communications’ 10th transaction in the United States.
  • This is LSC Communications’ 1st transaction in Indiana.

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M&A Deal Summary

Date September 5, 2023
Target Herff Jones
Sector Consumer Products
Buyer(s) LSC Communications
Sellers(s) Varsity Brands
Deal Type Divestiture

Target Company

Herff Jones

Indianapolis, Indiana, United States
Herff Jones manufactures and markets recognition, awards, and championship products. It offers graduation products, including announcements, college class rings, links and resources, diplomas, diploma frames, and college products, as well as caps, gowns, and accessories; and class rings and jewelry products, such as college class rings, championship rings, prestigious awards, sports fan jewelry, nursing pins, recognition pins, lamps, and accessory jewelry.
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Buyer Overview 1

Buyer

LSC Communications

Warrenville, Illinois, United States

Category Company
Sector Publishing
Revenue 3.6B USD (2017)
DESCRIPTION

LSC Communications is a provider of digital print, print-related services, and office products that serves the needs of publishers, merchandisers, and retailers. The Company’s service offering includes e-services, warehousing and fulfillment, and supply chain management. LSC utilizes a broad portfolio of technology capabilities coupled with consultative attention to clients' needs to increase speed to market, reduce costs, provide postal savings to customers, and improve efficiencies. LSC Communications is based in Warrenville, Illinois.


Deal Context for Buyer #
Overall 10 of 10
Sector: Consumer Products 1 of 1
Type: Divestiture 5 of 5
State: Indiana 1 of 1
Country: United States 10 of 10
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-21 LSC Communications - Commingle Operations

Aurora, Illinois, United States

LSC Communications, Inc. - Commingle Operations enables mailers to combine their mail streams to maximize postage discounts offered by the USPS.

Sell $11M

Seller Profile 1

SELLER

Varsity Brands

Farmers Branch, Texas, United States

Category Company
Sector Consumer Products
Employees9,000
DESCRIPTION

Varsity Brands provides goods and services to the school spirit industry. The company designs, markets, and manufactures cheerleading and dance team uniforms and accessories. It elevates the student experience, promotes participation, and celebrates achievement through three unique but interrelated businesses: BSN SPORTS; Varsity Spirit; and Herff Jones. Together, these businesses promote personal, school, and community pride through their customizable products and programs to elementary and middle schools, high schools, colleges and universities, church organizations, professional and collegiate sports teams, and corporations. Varsity Brands is based in Farmers Branch, Texas.


Deal Context for Seller #
Overall 1 of 1
Sector: Consumer Products 1 of 1
Type: Divestiture 1 of 1
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 Stanbury Uniforms

Brookfield, Missouri, United States

Stanbury Uniforms, Inc. provides band apparel nationwide. Stanbury Uniforms, Inc. is based in Brookfield, Missouri.

Buy -