An acquisition press release template is a press release template businesses use to craft press releases to send out to inform the media of a recent acquisition. Acquisition press releases must include the names of the parties, pivotal details about the purchase, and the impact the acquisition is expected to have on the acquiring business's goals and strategy.
Acquisition Press Release Template:
FOR IMMEDIATE RELEASE
[Company Name] [Date]
[Business Name] Acquires/Buys [Business Name]
[Sub-header: write one sentence about why this news is important.]
[Place, date]. [Business Name], [brief description of business], has acquired [acquired business name], [brief description of business]. The official announcement was made [where and when]. The move to acquire [acquired business] first started [when and why]. The process took [how long?] and the deal was signed [date].
“[Quote from the CEO/President/Vice President/etc about the acquisition],” said [quoted source]. “[Quote continued].”
The acquisition of [acquired business name] fits into [business name’s] strategy to [mission, strategy]. By purchasing [acquired business name], [what value the acquisition is expected to bring to the company]. [Discuss how this furthers the company’s goals and the impact it will have on customers and the community].
“[Quote from the CEO/President/Vice President/etc about the impact of the acquisition],” said [quoted source].
About [Business Name]
[Two to three sentences on what the business does. Include significant business partners and mission statement].
Tips for using acquisition press release templates:
- The first paragraph must cover who acquired whom, when and why the process began, and when the deal was signed.
- It is important to situate the acquisition within the company's greater goals.
- Try to quote sources from both companies.
Acquisition Press Release Sample:
FOR IMMEDIATE RELEASE
Tire Kingzzzzz Acquires Tredz&Thredz
Acquisition allows local tire company to go international
New York City, NY, May 15, 2020. Tire Kingzzzzz, New York City's premier tire importer and fitter, has acquired tire engineering firm, Tredz&Thredz. The official announcement was made at the international tire convention in Los Angeles yesterday. The move to acquire Tredz&Thredz first started last year when Tire Kingzzzzz announced steps into tire technology development. The process took six months and the deal was signed in March.
“The negotiations were tough,” said Trent Trackless, majority-owner of Tire Kingzzzzz. “In the end, both brands are stronger.”
The acquisition of Tredz&Thredz fits into Tire Kingzzzzz’s strategy to expand globally. By purchasing Tredz&Thredz, Tire Kingzzzzz gain access to more tire brand suppliers and brings development in-house.
“We can now offer our services globally, and drive innovation in the space,” said Trackless.
About Tire Kingzzzzz
Tire Kingzzzzz is an upmarket tire importer and fitter situated in New York City.
Director of PR
+32 478 78 26 22
How do you write an acquisition press release?
A good acquisition press release must have a headline, sub-header, relevant information, boilerplate, and contact details.