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Headwaters MB Advised WestView Capital on its Sale of Graphic Controls to Nissha Printing Co., Ltd.

September 2016

Headwaters MB advised WestView Capital Partners II, L.P. and its partnering shareholders on the sale of Graphic Controls Holdings, Inc. (“Graphic Controls” or the “Company”), a leading manufacturer of consumable products within the medical, gaming and industrials sectors, to Nissha Printing Co., Ltd. (TSE: 7915), a Japanese manufacturer of industrial materials and devices. The addition of Graphic Controls’ Medical Products, Transactional Media and Industrial Products businesses complement Nissha’s diversified global business portfolio.

Graphic Controls is a multi-faceted business with four distinct business units: Vermed, Biomedical Innovations, Graphic Controls Transactional Media and Graphic Controls Industrial Products.  The Vermed and Biomedical Innovations divisions, along with its most recent acquisition of CEA Medical Manufacturing, have served as the growth engines of the Company, concentrating on consumable acute care medical products and medical surgical devices.  Graphic Controls has a diversified base of over 50,000 customers, including hospitals, healthcare providers, medical device manufacturers, industrial businesses, casinos and specialty marketing companies.  Graphic Controls is headquartered in Buffalo, NY with a global manufacturing and operational footprint that includes domestic facilities in Bellows Falls, VT, Sandpoint, ID and Colorado Springs, CO.  Internationally, the Company has ongoing operations in the Dominican Republic, Canada, the United Kingdom, Austria, Germany, Belgium and France.

Carlo A. von Schroeter, Managing Partner of WestView Capital, stated, “The Headwaters’ team was instrumental in closing this transaction, working tirelessly in the midst of challenging global market conditions.  Their unwavering commitment to client advocacy enabled us to achieve the desired result.”  

Sam Heleba, the current President & CEO of Graphic Controls, will continue in his current role after the acquisition and increase his involvement in Nissha’s medical related businesses on a global basis.  Mr. Heleba stated,  "I am thrilled about the strategic global partnership as a part of Nissha. Our shared vision on how we treat our customers and employees will establish a solid foundation for our shared desire for growth.”

Jack Maier, Head of Investment Banking at Headwaters added, “The Graphic Controls management team has done a stellar job stewarding this business through a period of strong expansion and diversification.  Sam Heleba and his team’s efforts have resulted in an industry-leading organization poised for growth as part of Nissha’s global platform.”

Awards & Accolades

2017
Healthcare & Life Sciences Deal of the Year

Industry Experience

Industrial Technology

Lead Professional

Jack Maier

Co-Head of Investment Banking
"I am thrilled about the strategic global partnership as a part of Nissha. Our shared vision on how we treat our customers and employees will establish a solid foundation for our shared desire for growth.”
Sam Heleba
President & CEO
Graphic Controls