Schawk Inc. entered into an agreement to acquire substantially all of the assets of Lipson Associates Inc. and Laga Inc., better known in the marketplace by the name Brandimage. The deal is expected to close in early October.
Brandimage is described as a 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 US$32 million, has operations in Chicago, Cincinnati, Paris, Brussels, Shanghai, Seoul and Hong Kong.
“This transaction will enhance our brand development offering as we continue to implement our strategy of providing both brand development and deployment across multiple mediums serviced and delivered on a global basis,” stated David Schawk, President and CEO.
Founded in 1953, Schawk had annual revenues of US$452.4 million in 2009, and currently runs more than 40 offices around the world, employing over 3,000 people.