BIC Graphic USA Completes Acquisition of Norwood

Posted by

BIC Graphic USA today announced that it has completed the acquisition of Norwood Promotional Products.  The newly formed subsidiary will conduct business as Norwood Promotional Products LLC, a wholly-owned subsidiary of BIC USA Inc.

Total consideration for the acquisition is $125 million plus approximately $37.5 million in assumed liabilities.

"Norwood and BIC are similarly aligned in mission, values and culture," said Paul Lage, President of Norwood.  "We look forward to the new opportunities afforded by their ownership.  These are exciting times."

BIC Graphic Group General Manager, Nicolas Paillot, added:  "The promotional products industry has a great future.  We're confident that the BIC Graphic USA and Norwood employees will work diligently to offer unparalleled quality and service to our customers and carry on the proud tradition of both companies."

~Margit Fawbush

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s