PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--CSS Industries, Inc. (NYSE: CSS) announced today that it has completed the acquisition of substantially all of the assets of Lawrence Schiff Silk Mills, Inc.. Schiff was a leading U.S. manufacturer and distributor of narrow woven ribbon prior to its April 2016 Chapter 11 bankruptcy filing. The sale of Schiff to CSS was recently approved by the U.S. Bankruptcy Court for the Eastern District of Pennsylvania. CSS will not be operating the Schiff business, and will be relocating certain acquired Schiff equipment and inventory to CSS’ existing facilities. The transaction reflects the Company’s strategy of growing its business through strategic acquisitions.

“We have admired the Schiff business for many years,” said Christopher J. Munyan, CSS’ President and Chief Executive Officer. “With this acquisition, we gain unique weaving capabilities in our U.S. facilities. We also look forward to working with some of Schiff’s long-standing customers, some of which are new to us, to continue to supply them with superior, U.S. made product.”

CSS is a consumer products company primarily engaged in the design, manufacture, procurement, distribution and sale of all occasion and seasonal social expression products, principally to mass market retailers. These all occasion and seasonal products include decorative ribbons and bows, classroom exchange Valentines, infant products, journals, buttons, boxed greeting cards, gift tags, gift card holders, gift bags, gift wrap, decorations, floral accessories, craft and educational products, Easter egg dyes and novelties, memory books, scrapbooks, stickers, stationery, and other items that commemorate life’s celebrations.