Subsequent Events

9 Months Ended

Sep. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

Note 17 – Subsequent Events

Effective October 19, 2011, the Company acquired substantially all of the assets of Lipson Associates, Inc. and Laga, Inc., which does business as Brandimage – Desgrippes & Laga (“Brandimage”) for a cash purchase price of $25,000, subject to certain closing and post-closing adjustments, and the assumption of certain trade account and business related liabilities. The Company funded the purchase price through a draw from its existing credit facility.

Brandimage is a leading independent branding and design network specializing in providing services that seek to engage and enhance the brand experience, including brand positioning and strategy, product development and structural design, package design and environmental design. Brandimage, with unaudited 2010 revenues of approximately $32,000, has operations in Chicago, Cincinnati, Paris, Brussels, Shanghai, Seoul and Hong Kong. Brandimage will operate in conjunction with Schawk's current brand development capabilities, which are performed under its Anthem Worldwide brand.

The acquisition will be accounted for in the fourth quarter of 2011 using the purchase method in accordance with FASB ASC Topic 805 - Business Combinations. Accordingly, the net assets will be recorded at their estimated fair values, and operating results will be included in the Company's financial statements from the date of acquisition.