PHILADELPHIA, January 21, 2020: Morgan Lewis represented CSS Industries Inc. in its merger agreement with IG Design Group plc. Through a subsidiary, IG Design Group will acquire CSS for $9.40 per share in an all-cash transaction valued at approximately $88 million.
CSS is a creative consumer products company focused on the craft, gift, and seasonal categories. IG Design Group—the largest consumer gift packaging business in the world—is a designer, innovator, and manufacturer of products that help people celebrate life's special occasions.
Partners Justin Chairman and Mike Baxter and associate Jacquelynne Hamilton led the Morgan Lewis team advising CSS.