It's "Business As Usual" at Norwood
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Promo%20Marketing<%2Fem>’s<%2Fem>%20editorial%20director,%20Nichole%20Stella,%20to%20discuss%20the%20impact%20the%20buyout%20could%20have%20on%20the%20company’s%20future%20as%20well%20as%20on%20present%20operations.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Farticle%2Fits-business-as-usual-norwood-408885%2F" target="_blank" class="email" data-post-id="7619" type="icon_link">
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BIC Graphic USA’s $125 million buyout, which comes with an additional estimated $37.5 million in assumed liabilities, was not completely unexpected. “We’d been engaged with the BIC people for about a month prior to this,” noted Lage. While it was initially anticipated that Aurora Capital Group would be the high bidder, all other potential buyers worked off of the Aurora Capital Group agreement. “Things that we negotiated early on, which included a significant payout to all of our vendors, were already pre-negotiated prior to going into this auction,” explained Lage.
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