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Cadmus Communications Corporation Acquires The Mack Printing Group; Expands Leadership Position in Scientific, Technical, Medical Niche.
PR Newswire
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April 1, 1999
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COPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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RICHMOND, Va., April 1 /PRNewswire/ -- Cadmus Communications Corporation (Nasdaq: CDMS) today announced that it has acquired The Mack Printing Group and its subsidiaries ("Mack"). Mack is a leading national producer of journals, magazines and periodicals, with annual revenues of approximately $165 million.
The purchase price, consisting of cash, seller-provided subordinated debt, and Cadmus common stock, was approximately $200 million. Cadmus anticipates that the transaction will be accretive to net income in fiscal 2000.
This acquisition continues ...
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