ATLANTA - (January 20, 2020) - Seyfarth advised IG Design Group plc (LON: IGR), the largest consumer gift packaging business in the world, in its acquisition of CSS Industries, Inc. (NYSE: CSS), a leading consumer products company serving the craft, gift and seasonal markets.
Pursuant to the merger agreement, Design Group, through a subsidiary, will acquire CSS for $9.40 per share in an all cash transaction valued at approximately $88 million. It is expected that the transaction will close during CSS’ current fiscal quarter ending March 31, 2020, subject to customary closing conditions.
Design Group is a designer, innovator and manufacturer of products that help people celebrate life's special occasions. Design Group works with more than 11,000 customers in over 80 countries throughout the UK, Europe, Australia and the USA. Its products are found in over 210,000 retail outlets, including several of the world's biggest retailers.
Seyfarth’s Corporate team was led by Atlanta partner Andrew Hough and included attorneys Michael Dunn (Houston), Sai Pidatala (Houston), and Kayla Siam (Chicago).
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