It seems like more and more companies are unifying these days to form larger and more efficient entities. In recent merger news, Ideal Printers and PrintMailers will combine to form Seebridge Media. The new company will operate out of PrintMailer's 112,000 square foot Houston facility.
Ideal and PrintMailers ranked on the top 10 list of the biggest Houston-area printing companies in 2011. Once the Houston-based businesses combine, they will have more than 150 employees, and provide various media production services such as printing, creative design, logistics, direct mail, warehousing and social media. Sources explain that the new business will employ workers on two separate shifts. This will increase job turnaround time.
The independent owners of PrintMailers and Ideal will run Seebridge Media as co-owners. According to the one of the owners, as more companies turn to digital media options, the marriage of the two companies creates a "one-stop shop" for all marketing services.
The creation of Seebridge seems to be a beneficial business choice for the two printing companies. However, mergers are complex business transactions that require intricate detail and attention. The process involves developing a proposal, drafting a purchase agreement and identifying funding options. Furthermore, many types of mergers exist. For example, there are reverse mergers, public to private mergers, private to private merges, small business mergers and publicly traded mergers.
If your company is in the process of unifying with another business, it is important that you have adequate legal knowledge and support. This will ensure that the new combined entity is efficiently created.
Source: Houston Business Journal, "Ideal Printers, PrintMailers merge to form new company," Molly Ryan, Mar. 1, 2012