CSS Industries Announces the Sale of the Halloween Portion of Its Paper Magic Business For $6-7.6M

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CSS Industries (NYSE: CSS) announced today that it has sold theHalloween portion of its Paper Magic Group, Inc. (“PMG”) business to GemmyIndustries (HK) Limited (“Gemmy”). Under the terms of the purchase agreementexecuted yesterday, Gemmy acquired, upon execution of the agreement, certaintangible and intangible assets associated with PMG's Halloween business. Aspart of the transaction, PMG will remain responsible for the manufacture, saleand distribution of all PMG Halloween products (such as Halloween masks,costumes, make-up and novelties) for the Halloween 2012 season. StifelNicolaus Weisel served as exclusive financial advisor to CSS in thetransaction.

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