US: Checkpoint buys Shore to Shore for $63m
Checkpoint Systems has bought Shore to Shore, the supplier of hang tags, price tickets and woven labels, in a deal worth $62.95m.
The acquisition will help Checkpoint, which also specialises in anti-theft, RFID and merchandise visibility tools, to become the second-largest global provider of apparel labelling solutions, the company says.
It also takes Checkpoint closer to its goal of growing the revenue of its Apparel Labeling Solutions business to over $400m, with Shore to Shore sales likely to be in the range of $60-65m in 2011.
Headquartered in Centerville, Ohio, Shore to Shore has production locations in 13 countries and supplies a range of merchandise identification products for apparel and footwear retail including hang tags, price tickets, printed paper tags, pressure sensitive products, woven labels, leather and leather-like labels, heat transfer labels and brand protection and EAS solutions/labels.
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