Curated News
By: NewsRamp Editorial Staff
September 18, 2025
DGA Wins Court Approval for Major Asset Sales Across Multiple Business Segments
TLDR
- IG Design Group Americas maximizes asset value through court-approved sales to multiple buyers, ensuring business continuity and competitive positioning in stationery, gift, sewing, and play segments.
- The U.S. Bankruptcy Court approved six specific asset sales across DGA's business segments to different buyers, with transitions expected by year-end under customary closing conditions.
- These sales preserve operations and jobs at facilities like Berwick, allowing beloved brands to continue serving millions of consumers and celebrating life's special occasions worldwide.
- Diverse brands from Berwick ribbons to Perler beads and American Greetings machinery find new homes through strategic court-approved transactions ensuring their continued creative legacy.
Impact - Why it Matters
This restructuring impacts consumers and retailers who rely on DGA's extensive portfolio of popular brands across stationery, gifts, crafts, and play products. The court-approved sales ensure continuity for beloved brands like Perler beads, C.R. Gibson stationery, Paper Magic gifts, and Boye sewing supplies, preventing product shortages and maintaining availability in retail stores. For employees, the transactions preserve jobs at facilities like the Berwick plant, while new ownership may bring fresh investment and innovation to these established brands. The smooth transition minimizes disruption to supply chains that serve major retailers globally, ensuring consumers can continue to access these products for celebrations, crafts, and creative activities.
Summary
IG Design Group Americas, Inc. and its domestic subsidiaries have received U.S. Bankruptcy Court approval for a series of strategic asset sales across multiple business segments, marking a significant restructuring move. The court-approved transactions include the sale of Gift and Stationery segment assets to WIPHA Holdings, LLC (preserving operations at the Berwick facility), the Patterns business to existing management with Rubelmann Capital, Play and Sewing assets to Advantus Corp. (including Anker Play Products and Perler brands), Stationery assets to Carousel Worldwide (Lang calendar business), Stationery assets to CBC Group, Inc. (C.R. Gibson and The Gift Wrap Company), and manufacturing equipment to American Greetings Corporation. These value-maximizing transactions represent months of careful planning and court-supervised marketing efforts.
CEO Sue Buchta expressed satisfaction with the outcome, noting that the agreements "demonstrate the importance of our various business segments and create an opportunity for these brands to thrive going forward." Chief Strategy Officer Brett Anderson emphasized that this path forward maximizes value for DGA's assets while minimizing disruption for customers and partners. The company, advised by Latham & Watkins LLP, Huron Consulting Group LLC, Huron Transaction Advisory LLC, and C Street Advisory Group, will work with buyers to complete transitions by year-end, maintaining focus on customer service throughout the process. This comprehensive restructuring affects numerous well-known consumer brands across stationery, gift, sewing, and play categories that reach millions of consumers internationally.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, DGA Wins Court Approval for Major Asset Sales Across Multiple Business Segments
