Shanghai M&G Stationery to acquire Beckmann from Herkules.

Shanghai M&G Stationery, a distributor of writing instruments, student stationery and office stationery, to acquire Beckmann, a backpack company, from Herkules, a private equity firm. After completion of the transaction, the Beckmann family and management will continue as minority shareholders. Financial terms were not disclosed. Beckmann has more than doubled its size and the growth has primarily come from international markets. In Europe, the growth has been driven by a new sales organization in Germany and Denmark and in Asia, the growth is a result of an ambitious cooperation with Beckmann’s distributors in China and Hong Kong, as well as a solid performance of a new distributor in Taiwan. In Norway, Beckmann has entered several new retailers and successfully extended the product portfolio.