Western Capital Resources Enters Into Merger Agreement
OMAHA, Neb., Sept. 2, 2014 /PRNewswire/ -- Western Capital Resources, Inc. (OTCQX: WCRS) and BC Alpha Holdings II, LLC, a Delaware limited liability company owning approximately 90% of the ownership interests in AlphaGraphics, a franchise model global leader in marketing and print communications, announced today that they had entered into an Agreement and Plan of Merger and Reorganization (the "Merger Agreement") pursuant to which Western Capital will acquire the business of AlphaGraphics in exchange for its issuance, to the owners of BC Alpha Holdings II, of common stock that will aggregate to approximately 45% of the common stock of Western Capital issued and outstanding immediately after the merger. Western Capital currently operates a cash-advance business with approximately 51 locations in the midwestern United States, and a prepaid wireless phone retail business as a Cricket premium authorized dealer with approximately 58 locations.
"We are excited about the opportunity to combine with AlphaGraphics, diversify our operations and grow our revenues and our business," said Western Capital's CEO, John Quandahl.
The consummation of the merger will be subject to certain customary conditions, but is expected to close as early as September 30, 2014.
About Western Capital Resources, Inc. - Western Capital Resources, Inc., through its subsidiaries, provides retail financial services and retail cellular phones. It offers non-recourse cash advance loans (often referred to as "payday loans"), check cashing, and other money services, as well as money transfers and money orders. In addition, Western Capital Resources operates as a Cricket premium authorized dealer reselling cellular phones and accessories, and accepting service payments from Cricket customers.
About AlphaGraphics, Inc. - AlphaGraphics is a franchisor in a global network of over 260 independently owned and operated business centers, united by the single purpose of driving results for its clients through innovative and effective marketing and printing services.
Source: Western Capital Resources
Abbott Label Acquires Brandt Affixing
Dallas, August 11, 2014. Abbott Label is a leading manufacturer of stock, custom and digital labels with a long standing and continually growing national customer base of distributors and re-sellers. Brandt Affixing has long been recognized as an innovative solutions provider of affixed and integrated labels, cards, and barcode solutions.
This acquisition of long-time resource, Brandt Affixing, will provide both companies new capabilities and likely create the most convenient and competitive offering in their industries.
“We’re excited about adding Brandt Affixing to the Abbott Label family,” commented John Abbott, President of Abbott Label, on the acquisition. “Not only does this acquisition totally align with our growth strategy, the synergy is ideal, as we’ve always shared the same core values. And because of our synergy and long history of working together, the transition promises to be smooth and a true benefit for everyone.”
“This is an ideal fit for us,” comments Ed Brandt, former owner and managing partner of Brandt Affixing, “One that will ensure that our customers will continue to receive the exemplary service and highest quality that they have come to expect from Abbott Label and Brandt Affixing. We are excited to be able to expand our product offering with Abbott Label. Our specialty product line is a perfect complement to Abbott Label’s broad product line of stock, custom, and digitally printed labels.”
”It’s a ‘win-win’ for both companies, and for our customers and employees as well.” Beverly Grimley, former owner and managing partner of Brandt Affixing added. “We are excited about being part of the Abbott Label family, and are looking forward to implementing many of the LEAN manufacturing processes that have made them such a successful and well-run company.”
Abbott Label plans to move all Brandt employees, equipment and operations to Abbott Label’s facility at 10865 Sanden Drive in Dallas, Texas. Both companies adhere to a strict “trade-only” sales policy, with no direct sales to end-users. Former Brandt Affixing owners Beverly Grimley and Ed Brandt will remain with Abbott Label in managerial roles, and all Brandt Affixing employees are expected to join Abbott Label.
Source: Company Press Release
Barton Nelson Acquired by Gill Studios
LENEXA, KS—August 1, 2014—Gill Studios has bought the assets and the brand of the former Barton Nelson. A new company has been formed as a result. It is Gill Bebco. Operations will resume out of the current facility in Kansas City, MO just 10 miles from Gill Studios. It will be marketed as the Bebco Line. Products in the line will include sticky notes, scratch pads and related items. Mark Gilman, board chairman of Gill Studios, said, “The possibility that we might make this acquisition arose quickly and unexpectedly. We are glad we were able to respond to the opportunity in a timely manner.”
Paul Lage, CEO of Gill Studios, said, “We are pleased that we were able to acquire these assets and enter into the sticky note business. It is a natural fit with our printing and adhesive expertise. Our goal is to quickly get the new business up and running soon, and we will do it in stages to insure we are putting out the best product possible. Our first objective is to get previous associates rehired to preserve the expertise and manufacturing knowledge they possess.” In a couple weeks, Gill Bebco will be notifying existing distributors with specific timelines.
About Gill Studios
Gill Studios is a Top 40 Supplier and family owned business in the Promotional Products Industry. A leading manufacturer of decals, labels, signs, magnets, plastics, flags, bumper stickers and a variety of automotive, office and political products, Gill Studios is celebrating its 80th year in business in 2014.
Source: Gill Studios. // www.piworld.com
Performance POP Acquires Miramar Designs
July 17, 2014. Dallas, TX Dallas based Point of Purchase (POP) printer and display manufacturer, Performance POP, has acquired Miramar Designs, a Fort Worth based permanent display company. Miramar is known for its simple solutions to complex displays along with its extensive experience with mixed material displays including wood, metal, plastic, and lighting elements. With this acquisition, Performance POP continues to add more capabilities to its semi-permanent and permanent display division, which will benefit both Performance’s client base as well as Miramar’s.
Performance POP, formerly known as Performance Printing, has a commitment to fast, cost effective, dynamic solutions. By bringing in Miramar’s expertise in the design, engineering, production, shipping and installation of permanent displays, Performance offer this same commitment on an even larger scale.
EFI Acquires Marketing Automation Software Provider
On July 21, 2014, EFI announced the acquisition of DirectSmile GmbH, a leading provider of software solutions for cross media marketing automation
The acquisition of DirectSmile, a leading supplier of VDP and cross media marketing automation has offerings in the Corporate, Agency & Design sectors in addition to the print space and thus creates additional growth opportunity. This acquisition provides a significant value proposition for EFI and its customer base and builds on the company's ability to sell into its MIS/ERP customer base by creating a stronger complete EFI workflow automation solution.
Direct Smile will continue to be sold stand-alone as well as integrated with EFI's Digital StoreFront. The DirectSmile team will join the Web-To-Print Solutions product team, and Christoph Schacht and Christoph Clermont, former principals of DirectSmile, will stay on with EFI and join the Web-To-Print Solutions group.