InnerWorkings Acquires DB Studios, Lowers Full-year Revenue Forecast
Largest customer's asset sale results in significant reduction in scope of work; company also announces acquisition of DB Studios.
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Chicago-based InnerWorkings, a leading global marketing supply chain company, announced the acquisition of DB Studios as well as an adjusted full-year forecast.
DB Studios, a California-based distributor of permanent POP displays and retail fixtures, was acquired by InnerWorkings in late March 2013. The company's clients include major retail and consumer package goods brands. The acquisition provides InnerWorkings with creative, design, engineering and prototyping capabilities, which are critical in the permanent display world. DB Studios is expected to contribute approximately $20 million of revenue for the balance of 2013.
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