Vendor News: Checkpoint Systems Completes Sale of Bar Code Systems Businesses to SATO

Checkpoint Systems, Inc. (Thorofare, N.J.), announced that it has completed the sale of its bar code systems businesses to SATO, a global provider of barcode printing, labeling, and EPC/RFID solutions. Price of the sale is reported to be $37 million in cash, plus the assumption by SATO of $5 million in liabilities.

Late last year, the Company announced it had reached a definitive agreement with SATO to acquire Checkpoint's barcode businesses around the world, as well as hand-held labeling solutions in the United States. The final purchase price is subject to certain post-close adjustments relating to net operating assets.

William Blair & Company acted as financial advisor to Checkpoint in connection with the transaction.

Source: SATO International

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