Royal Adhesives & Sealants to Acquire Craig Adhesives & Coatings
Based in Newark, NJ, Craig is a supplier of ultraviolet light-cured and water-based adhesives and coatings to the printing and graphic arts markets. The acquisition builds on Royal's strong platform of adhesives, sealants, and coatings and allows clients of both companies to benefit from an expanded range of customized and proprietary solutions. For Vertis, the sale provides additional opportunities to pay down debt and invest in the cross-media solutions that will drive its continued growth.
The transaction includes a long-term supply agreement between Royal and Vertis, which allows Vertis continued access to Craig's specialized products.