Schawk acquires Brandimage for $25 million

DES PLAINES — Schawk Inc. said it has acquired all of the assets of Lipson Associates, Inc. and Laga, Inc., which does business as Brandimage — Desgrippes & Laga, or “Brandimage,” for a cash purchase price of $25 million.

Schawk funded the purchase price through a draw from its existing credit facility.

Brandimage is a leading independent branding and design network, specializing in brand positioning and strategy, product development and structural design, package design and environmental design. Brandimage, with unaudited 2010 revenues of approximately $32 million, has operations in Chicago, Cincinnati, Paris, Brussels, Shanghai, Seoul and Hong Kong. Brandimage will operate in conjunction with Schawk’s current brand development capabilities, which are performed under its Anthem Worldwide brand.

“Brandimage has established outstanding relationships with its clients by providing world class service throughout their locations,” President and Chief Executive Officer David A. Schawk said. “I am very pleased and excited to add such a strong group thereby further enhancing Schawk’s brand development capabilities.”

Schawk Inc., founded in 1953, is a provider of brand development and deployment services, enabling companies of all sizes to connect their brands with consumers. With operations in 21 countries, Schawk helps companies create compelling and consistent brand experiences by providing integrated strategic, creative and executional services across brand touchpoints.