Taylor Corporation to acquire Standard Register

Taylor Corporation headquartered in North Mankato, Minnesota, one of the largest privately held companies in the U.S. and one of the largest graphics communications companies in North America, has revealed plans to acquire the assets of Dayton, Ohio-based Standard Register. With this acquisition, Taylor Corporation expects to add over 3,000 employees from Standard Register locations around the U.S. and Mexico.

Taylor Corporation to acquire Standard Register

Taylor Corporation made its bid for Standard Register through a bankruptcy auction. Final approval of the sale is subject to resolution of outstanding objections before the U.S. Bankruptcy Court in the District of Delaware. Pending that approval, the parties expect to complete the transaction within 45 to 60 days.

Deb Taylor, chief executive officer of Taylor Corporation, ‘We welcome Standard Register to our family of companies. Standard Register’s culture of meeting and anticipating their customers’ needs aligns perfectly with ours. We are very pleased to bring aboard thousands of employees whose talents will play a significant role in the success of our company. Together, we’ll have the scale and talent we need to pursue new market opportunities through a broader range of technology offerings, products, and services.’

Taylor added, ‘While Standard Register has encountered financial challenges, I have no doubt its best days are ahead. The acquisition by Taylor Corporation is the best possible outcome for all involved—and most of all Standard Register’s customers. Taylor Corporation provides the strong and reliable financial foundation that will allow the company to turn the page and focus on the future.’

Separately, Standard Register announced that Joseph P. Morgan, Jr., president and chief executive officer, has notified the board of directors of his intent to leave the company to accept a leadership role with another company.

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