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Article | August 22, 2014
RockTenn agrees to acquire A.G. Industries, Inc.
In order to expand its high-end permanent display offerings, RockTenn packaging solutions provider and manufacturer of containerboard and paperboard has signed an agreement to acquire A.G. Industries, Inc. (AGI In-Store), a manufacturer of point-of-purchase displays and fixtures to the consumer products and retail industries.
AGI In-Store is owned by American Greetings Corporation and employs approximately 300 employees in Forest City, NC. The transaction is expected to close later this quarter.
“AGI In-Store is an excellent strategic fit with RockTenn Merchandising Displays,” said Craig Gunckel, RockTenn’s executive vice president, merchandising displays and folding carton. “Adding AGI In-Store supports our strategy to provide a more holistic portfolio of innovative in-store marketing solutions, including ‘store-within-a-store’ displays.”
AGI In-Store operates with a strong commitment to quality, creativity and customer satisfaction, and will go to market as RockTenn In-Store Solutions.
“We are pleased that the impressive business model of AGI In-Store will be able to expand to its fullest potential under RockTenn’s ownership,” states Zev Weiss, Co-CEO of American Greetings. “We look forward to maintaining our long-standing relationship with the company as one of its customers for retail fixtures.”
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