Acacia Research completed the acquisition of Printronix for $33m.

Acacia Research, a firm engaged in the acquisition, development, and patents technologies, completed the acquisition of Printronix, a manufacturer and distributor of industrial impact printers, for $33m. “The acquisition of Printronix aligns with our strategic focus on acquiring high-potential businesses that can effectively leverage Acacia’s significant capital resources and operational expertise. Thanks to its leading position in a mature and inelastic market, we are confident that Printronix can deliver compelling risk-adjusted returns for our shareholders over the coming years. We expect that the company’s attractive margins and low capital expenditure requirements will produce positive cash flows as we help the business pursue growth via new products and acquisitions in ancillary segments," Clifford Press, Acacia President and CEO.