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CSS Industries, Inc. announces acquisition of Carson & Gebel Ribbon Co.

PHILADELPHIA -- CSS Industries, Inc. announced this week that its Berwick Offray LLC company has completed the acquisition of substantially all of the business and assets of Carson & Gebel Ribbon Co., LLC, a manufacturer and supplier of decorative ribbon to wholesale florists, packaging distributors and bow manufacturers. Key product categories include cut edge acetate ribbon and velvet ribbon used in everyday and holiday floral arrangements. The business will be combined with Berwick Offray’s existing business headquartered in Berwick, Pennsylvania. The Company expects the transaction to be accretive to its fiscal 2015 earnings per diluted share.

 “We welcome Carson & Gebel’s customers and vendors to the CSS family of companies. Carson & Gebel’s products and markets are highly complementary with the floral business of Berwick Offray. We plan to continue to support the depth of the Carson & Gebel product line,” said Christopher J. Munyan, President and Chief Executive Officer of CSS.

CSS is a consumer products company primarily engaged in the design, manufacture, procurement, distribution and sale of all occasion and seasonal social expression products, principally to mass market retailers. These all occasion and seasonal products include decorative ribbons and bows, boxed greeting cards, gift tags, gift wrap, gift bags, gift boxes, gift card holders, decorative tissue paper, decorations, classroom exchange Valentines, floral accessories, Easter egg dyes and novelties, craft and educational products, stickers, memory books, stationery, journals, note cards, infant and wedding photo albums, scrapbooks, and other gift items that commemorate life’s celebrations.

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