Business News
Transcontinental Inc. Concludes Sale of Direct Mail Assets in USA
Tuesday 06. April 2010 - Having cleared US regulatory requirements, Transcontinental announces that it has concluded the sale of its direct mail operations in the United States to IWCO Direct, a U.S. company headquartered in Minnesota.
The assets are located in Warminster and Hamburg in Pennsylvania, in Fort Worth, Texas, and in Downey, California.
The transaction price amounts to US$112.5 million. Transcontinentals direct mail group in the United States generated revenues of US$153 million in 2009 and has about 1,200 employees.