Second-Generation Owners of Two Family Businesses Unite
East Rutherford, N.J. (April 15, 2013 ) â The National Association for Printing Leadership (NAPL) has announced that Ace Lithographers, located in East Hanover, N.J., has acquired Twill Inc., located in Berkeley Heights, N.J.Â Twillâs current location will become home to the combined entity, and Peter Twill and George Twill, shareholders of Twill Inc., will become employees of Ace, with a focus on business development.
John Cooper, who is co-owner of Ace along with his brother, Brett Cooper, commented, âAs friendly competitors and second-generation owners of family businesses, Brett and I respect Peter and George Twillsâ accomplishments and have set our sights on the benefits of a combined approach to the new market realities of our industry.âÂ George Twill added, âThe similar cultures and client focus of both organizations will be significant in bringing our combined synergies to the marketplace.â
In a series of facilitated meetings, NAPL worked with the owners of Ace and Twill to craft a letter of intent that was fair and balanced, and addressed the needs of both parties. “This transaction brings together two brothers committed to long-term growth and two brothers pursuing a smooth transition from ownership of the family business,” said Senior Vice President John Hyde, who heads up NAPL’s M&A advisory practice. “Itâs an example of what is termed a âreverse tuck-in,â in which the acquiring company consolidates into the seller’s infrastructure.â
About Ace Lithographers: Ace Lithographers specializes in short to medium run offset and digital printing for corporate and business clients. The highly skilled team of employees is committed to excellence, and utilizes the finest equipment and the latest technology to provide timely and attentive personalized service to its customers.
About Twill Inc.: Since 1947, Twill has taken pride in being a complete source for all business communication needs, offering design of specialty and simple point-of-purchase pieces, full-scale integrated marketing communications plans, digital and sheetfed printing, and a full suite of professional mailing services.
Â About the NAPL Mergers & Acquisitions Team: NAPL’s Mergers & Acquisitions Team offers company executives trusted advisors who help them build shareholder value through strategic mergers and acquisitions. The Team provides merger advisory services, as well as helping companies with strategic sale of a business, strategic partner assessment/procurement, acquisition of general intangibles, and post-merger integration services. For information, contact NAPL Senior Vice President Tim Fischer at (201) 523-6376 or email@example.com , or NAPL Senior Vice President John Hyde at (201) 523-6313 or firstname.lastname@example.org.