CSS Industries Inc. completes the acquisition of Color Clings Inc

Business Wire, Jan 20, 1997

PHILADELPHIA--(BUSINESS WIRE)--Jan. 20, 1997--CSS Industries Inc. (NYSE:CSS) announced Monday that its subsidiary, The Paper Magic Group Inc., has acquired all of the outstanding stock of Color Clings Inc. for approximately $8 million.

Color Clings, headquartered in Minneapolis, is a designer and marketer of seasonal and everyday vinyl home decorations sold primarily to mass market retailers in the United States and Canada. Sales for 1996 approximated $30 million.

CSS is a diversified company engaged in the sale of consumer and business products. The Consumer Products Group, composed of Cleo Inc., The Paper Magic Group Inc. and Berwick Industries Inc., designs, manufactures and sells gift wrap, gift bags, boxed greeting cards, gift tags, ribbons and bows, decorative products, Halloween masks, costumes, make-ups and novelties and Easter dyes and novelties primarily to mass market retailers.

The Direct Mail Business Products Group, through Rapidforms Inc. and its subsidiaries, designs and sells business forms, business supplies, in-store merchandising products, holiday greeting cards and advertising specialties to small and medium size businesses primarily through the direct mailing of catalogs and brochures.

CONTACT: CSS Industries Inc.

James G. Baxter, president, Consumer Products Group,

CFO, 215/569-9900