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Balfour Agrees to Acquire Gaspard

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AUSTIN, Texas--(BUSINESS WIRE)--Leading yearbook and affinity company American Achievement Corporation, which operates primarily under the Balfour brand, announced today that it has signed a definitive agreement to acquire Gaspard LP, a North American manufacturer and distributor of academic regalia, clergy vestments, choral robes, and legal and judicial attire. The transaction is expected to be accretive to the Company’s free cash flow within the first year of combined operations. Gaspard, whi

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