SOURCE: Schawk, Inc.

September 12, 2007 08:30 ET

Schawk, Inc. Completes the Acquisition of Perks Design Partners and Brand ID

Acquisition of Two Australian Design Agencies Expands Anthem Worldwide's Strategic and Creative Talent Base

DES PLAINES, IL--(Marketwire - September 12, 2007) - Schawk, Inc. (NYSE: SGK), one of the world's leading providers of digital imaging graphic services to the consumer products and brand imaging markets, announced today that it has completed the acquisitions of Perks Design Partners and Brand ID, both Australian-based brand strategy and design firms with approximately $5.9 million in combined annual revenues. Each becomes part of Anthem Worldwide, a Schawk strategic design company.

Perks Design Partners is one of Australia's leading integrated brand identity consultancies with offices in Melbourne and Sydney. Since 1992, they have served the needs of leading companies, helping create and grow a diverse range of some of Australia's best known brands.

Brand ID, located in Sydney and established in 2006, has also served the design needs of some of Australia's top brands.

Chris Perks, former principal of Perks Design Partners, will serve as managing director of Anthem's Melbourne office. Andrew Lewis, former partner of Brand ID, will serve as the managing director of Anthem's Sydney office. Lewis was previously the founder and managing director of what is now Landor Associates in Australia.

"Our acquisition of Perks Design Partners and Brand ID is consistent with our strategy to expand the influence, presence and credentials of Anthem Worldwide," said David A. Schawk, president and chief executive officer. "We are now capable of offering a comprehensive integrated solution -- from strategic branding and design through premedia services -- to the Australian market."

According to Anne Marie Pagliacci, executive vice president and group managing director of Anthem Worldwide, "Anthem's networked model of operating will allow us to leverage the strategic and creative talent at Perks Design Partners and Brand ID on behalf of our clients worldwide."

Chris Perks added, "Our decision to be acquired by Schawk and to be a part of Anthem Worldwide was influenced by our desire to be part of the global design market. We see the benefits as two way. Inwardly, we will now have direct access to trends and innovations from the world's major markets, which will benefit both our corporate and consumer brand clients. Outwardly, we have the opportunity to contribute to the global marketplace as part of a fast-growing company that is dedicated to offering compelling design solutions to major multinational companies."

Andrew Lewis concluded, "This is a fabulous opportunity to help establish and build a new force from the ground up within the Australian market. With the world's best practice premedia resources of Schawk, we can truly offer our clients tangible benefits through our comprehensive solutions. It is a win-win for us all."

The company will be known as AnthemPerks for a short time before migrating to the Anthem name and identity. This will allow Anthem the opportunity to leverage the equity and goodwill associated with the Perks brand name in the Australian market. Anthem's existing talent in the Australian market will be consolidated into the Sydney office of the former Perks Design Partners. Schawk also has offices in Sydney that deliver premedia services to the marketplace.

Schawk's globally integrated brand image management supply chain solutions are custom built for clients based on services that include branding and strategic design through Anthem Worldwide, production and premedia services through Schawk's graphic services group and content and graphics lifecycle management through Schawk Digital Solutions. The Company's integrated solutions deliver strategic business value, improved speed to market, enhanced brand consistency, and improved marketplace agility.

Schawk, Inc., headquartered in suburban Chicago, is one of the world's largest independent brand image solutions companies. Schawk delivers a broad range of digital pre-media graphic services through 153 locations in 12 countries across North America, Europe, Asia and Australia. Schawk designs, creates and manages images and text for reproduction to exact specifications for a variety of media, including packaging for consumer products, point-of-sale displays and other promotional and advertising materials. Schawk provides its services to the food, beverage, health & beauty, pharmaceutical, home care and consumer products industries. For more information, visit www.schawk.com.

Anthem Worldwide, a Schawk Strategic Design Company, blends innovation and efficiency to create high performance, first-to-market brand solutions. Anthem manages the entire brand creation process, providing long-term vision, client-centered workflow systems, and predictable schedules, quality, and cost. Anthem currently has offices in Chicago, Cincinnati, Los Angeles, Melbourne, New Jersey, New York, St. Paul, San Francisco, Shenzhen, Singapore, Sydney, Toronto, and York (U.K.). For more information on Anthem visit www.anthemworldwide.com.

Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended and are subject to the safe harbor created thereby. These statements are made based upon current expectations and beliefs that are subject to risk and uncertainty. Actual results might differ materially from those contained in the forward-looking statements because of factors, such as, among other things, higher than expected costs, higher than expected costs associated with compliance with legal and regulatory requirements, the strength of the United States economy in general and specifically market conditions for the consumer products industry, the level of demand for Schawk's services, loss of key management and operational personnel, our ability to implement our growth strategy, the stability of state, federal and foreign tax laws, our continued ability to identify and exploit industry trends and exploit technological advances in the imaging industry, our ability to implement restructuring plans, the stability of political conditions in foreign countries in which we have production capabilities, terrorist attacks and the U.S. response to such attacks, as well as other factors detailed in Schawk, Inc.'s filings with the Securities and Exchange Commission.

Contact Information

  • FOR SCHAWK:
    Patti Soldavini
    Corporate Communications
    908-850-6300
    psoldavini@anthemww.com

    AT SCHAWK:
    James J. Patterson
    Sr. VP and CFO
    847-827-9494
    jpatterson@schawk.com

    AT ANTHEM PERKS:
    Chris Perks
    Managing Director
    61 2 9219 3000