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Tops Products And Identity Group Announce Tops' Acquisition Of Redi-Tag Corporation

May 08, 2023over 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.

Company Information

Company

TOPS Products

About

With brands founded as far back as 1870, TOPS Products is an industry leader in the manufacturing of home, school, and office products. The Company offers a variety of branded and private label office products and organizational solutions across key product categories. TOPS operates a highly efficient manufacturing and distribution platform with facilities across the United States, Canada, and Mexico. Formerly a part of RR Donnelley and later LSC Communications, TOPS was acquired by Atlas Holdings in 2020, and in 2021, rebranded from LSC Communications Office Product division back to the original TOPS Products name. The company mission states: "TOPS Products makes the tools that empower people to live focused, organized, and creative lives. We have the vision to build the most comprehensive selection of office, school, and home organizational supplies."

Company

Identity Group

About

Identity Group has been creating and manufacturing interior signs for over 67 years. Founded in the 1950s, the company partners with some of the biggest brands in the industry, cementing Identity Group as the largest interior sign manufacturer in the United States. Today IdG has more than 200,000 square feet of U.S. manufacturing space, including facilities in Cookeville, TN, and in Brunswick, ME. Their unique approach to "experiential" sign design and creation makes IdG an invaluable branding partner for some of the most iconic brands across American industry, enabling them to visually express their brand identity with flair, impact, and confidence. SOURCE TOPS Products

M&A Insights

Based on deal data
Integration 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