Wednesday, July 1, 2015

Berwind sells Nat'l Pen Co. for $75M+

Direct-marketing deal

Berwind sells Nat'l Pen Co. for $75M+


Philadelphia-based Berwind Corp. says it has sold San Diego-based National Pen Co. LLC, "the leading global provider of direct mail promotional pens," to Lincolnshire Management Co. 

Berwind, run by the fifth generation of its mining-fortune founding family, declined to disclose the sale price, but notes that it targets manufacturing companies "with transaction values of $75-700 million."

Seller Berwind was advised by Patrick Hanraty, Nathan Bouknight and Justin Shuman, from the Philadelphia office of PNC's Harris Williams & Co. Last month the same group raised cash for a second direct-marketing firm, Asset Marketing Services, which sells collectible coins and brand-name jewelry and watches.


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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

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