The anticipated procurement would support Cimpress’ mass customization abilities in a critical section of the market for independent venture advertising items.
The world leader in mass customization, made the anouncement that it has entered into a definitive agreement to acquire National Pen Coompany, one of the leading manufacturer of custom writing instruments for small and medium businesses.
The financial terms of the Agreement are aquisition of 100% of the company for a purchase price of $218 milion USD. The estimated revenue of NPC is about 275$ in 2016.
Founded in 1966, National Pen is a world class provider of personalized marketing solutions to more than one million small and medium sized businesses globally. It provides high value promotional products for businesses and professionals in every industry at low factory direct pricing. The company is headquartered in San Diego, California with additional locations in the United States, Mexico, Ireland, and France.