Indianapolis-based Norwood Promotional Products and BIC Graphic announced today a definitive agreement for BIC to acquire Norwood. After presenting a last minute offer, BIC was awarded the sale outbidding the original stalking horse, Aurora Resurgence. Total consideration for the acquisition is $125 million plus approximately $37.5 million in assumed liabilities. BIC Graphic USA is a division of BIC USA Inc., a leading promotional products supplier.
Norwood Promotional Products
Cleveland-based Proforma announced its list of 25 vendors that will be sponsoring the 2009 Proforma Convention and Family Reunion, being held July 8 to 11 in Denver. Vendors and sponsorship levels include:
Indianapolis-based Norwood Promotional Products has a long-standing agreement with Curtis Publishing, the licensor of Norman Rockwell’s artwork from The Saturday Evening Post.
After Wednesday’s announcement of Indianapolis-based Norwood's agreement to sell to Aurora Resurgence, Norwood announced it received a tremendous amount of support and well wishes from customers.
Indianapolis-based Norwood Promotional Products announced today it has entered into an agreement to sell the company to Aurora Resurgence, an affiliate of Aurora Capital Group, a private equity firm managing over $2.0 billion. This transaction is the culmination of the refinancing and restructuring efforts that the Company has been working on since 2006. The purchase price includes cash and the assumption of certain liabilities.
The Consumer Product Safety Improvement Act of 2008 (CPSIA) requires all importers and U.S. manufacturers conduct regular testing of children’s products, and to make a certificate of compliance available to the public.
Last year was so chock-full of great ideas, we couldn't fit them all into our 2009 Sales Outlook. Below, you'll find the tips we just couldn't squeeze in.
GOLF IS A game of increments and minutiae. Misjudge a stroke by one millimeter, and a killer drive ends up being a killer search through the woods. Appropriately, golf promotions require the same kind of precision. A campaign that is even slightly off can land product meant for a promotional hole in one right into a sand trap.
Cedar Crest Manufacturing, Cedar Rapids, Iowa, a new supplier of writing instruments to the promotional products industry. Founded by a team of former Norwood/Souvenir staff, the company offers a distribution network with more than 80 years of experience.
Norwood Promotional Products of Indianapolis announced for the third consecutive year, the company is the supplier of the Pat Summerall Award, presented at the Legends for Charity annual luncheon benefiting St. Jude Children’s Research Hospital.