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Phoenix Color signs plan of merger

February 14, 2008

Phoenix Color Corp. announced Tuesday that it has signed a plan of merger with Visant Corporation, a company based in New York.

The $219 million deal should close by the end of the first quarter of 2008, according to a Visant Corporation press release.

Visant is a marketing and publishing services enterprise that serves primarily the trade, professional reference and educational segments.

Phoenix Color will operate as a wholly owned subsidiary of Visant after the proposed merger.

Spokespeople for both Phoenix Color in Hagerstown and Visant in Armonk, N.Y., declined to comment Thursday on the proposed merger.

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