Tops Products And Identity Group Announce Tops' Acquisition Of Redi-Tag Corporation
May 08, 2023•over 2 years ago
Acquiring Company
TOPS Products
Acquired Company
REDI-TAG
ManufacturingFashionManufacturing
Description
TOPS Products ("TOPS") and Identity Group ("IdG") jointly announced today TOPS' acquisition of select assets of IdG's wholly-owned subsidiary, Redi-Tag Corporation ("Redi-Tag"). For more than 40 years, Redi-Tag has been a leading manufacturer of page flags, laser tabs, sticky notes, and other back-to-school and office products. Terms of the transaction were not disclosed.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed