Mergers & Acquisitions
DATA Communications Management Corp. entered into separate agreements to acquire Eclipse Colour & Imaging Corp., located in Burlington, Ontario, and Thistle Printing Limited, located in Toronto, Ontario. The acquisitions of Eclipse and Thistle are expected to close on February 22, 2017, subject to customary closing conditions.  

DATA will acquire substantially all of the assets of Eclipse, through an asset purchase, for a net price of approximately $8.8 million. The company will acquire the common shares, through a share purchase, of Thistle for a net price of approximately $6.1 million.

Eclipse specializes in large-format and point-of-purchase printing with approximately 100 employees operating in an 80,000-square-foot facility. Upon completion of this transaction, DATA intends to relocate its current wide format capabilities from its Mississauga, Ontario, facility to Calgary, Alberta.

The Eclipse acquisition significantly expands DATA’s large- and grand-format printing capabilities. Eclipse focuses on providing in-store print, outdoor, transit, display, packaging, kitting and fulfillment services.

Eclipse generated approximately $21.3 million in revenues (unaudited) for the fiscal year ended November 30, 2016. DATA notes that over the past three years, Eclipse has experienced average revenue growth rates of approximately 10 percent per year.

“Ralph Misale, COO, and Grant Malcolm, CFO, the two principals of Eclipse, have built a tremendous business since they acquired Eclipse in 2010 by way of a management buyout,” said Michael Sifton, CEO of DATA.  “We are excited to have Ralph, Grant and the entire Eclipse team join DATA.”

Thistle is a commercial printing company with approximately 65 employees operating in a 42,000-square-foot facility. This purchase will allow DATA to insource commercial printing capabilities which it has historically outsourced to local suppliers. The acquisition also adds expertise in design, prepress and bindery services to DATA's portfolio, and complements DATA’s current capabilities in direct mail, fulfillment and data management.

Thistle generated approximately $16.4 million in revenues (audited) for the fiscal year ended October 31, 2016. “Thistle's capabilities are highly complementary to our own,” said Sifton. “While we have the leading commercial print capabilities in Western Canada located in our Calgary, Alberta centre of excellence, DATA has not had meaningful commercial print capabilities in Eastern Canada, historically relying on third party production partners.

“We believe that the acquisition of Thistle will enable our sales force to capitalize on having a dedicated Eastern production facility, close to the important downtown Toronto market,” continued Sifton, “and we expect to be able to enhance our margins that we would otherwise have had to share with outsourced providers.”

DATA's net purchase price of approximately $8.8 million for the assets of Eclipse will include approximately: $2.9 million payable in cash on closing; $1.3 million through the issuance of 634,263 common shares of DATA; and $4.6 million in the form of a non-interest bearing vendor take back note, which will be payable in two equal installments on each of the first and second anniversaries of closing of the Eclipse transaction. The purchase price will be subject to certain closing adjustments relating to working capital.

DATA's net purchase price of Thistle for approximately $6.1 million will include approximately: $1.1 million payable in cash on closing; $1.5 million through the issuance of 644,445 common shares of DATA; and $3.5 million in the form of a non-interest bearing vendor take back note, to be payable over a 24 month period in equal monthly payments. The purchase price will be subject to certain closing adjustments relating to working capital.
 
In connection with the two acquisitions, DATA will assume a total of approximately $8.0 million in outstanding long term indebtedness, including capital lease obligations, and intends to draw approximately $7.8 million under its revolving credit facility on closing to refinance certain indebtedness of the two companies and for related transaction expenses.

DATA also announced it has arranged an increase in the total available commitment under its senior revolving credit facility with a Canadian chartered bank by $10 million to up to $35 million. The move provides DATA with a total borrowing base of up to $72 million from $50 million.
ICON Digital Productions Inc. has acquired Toronto Trade Printing, a well-known 20,000-square-foot operation running two 40-inch sheetfed offset presses less than four kilometers away from ICON’s 90,000-square-foot facility in Markham, Ontario. The purchase comes less than two months after ICON Digital underwent a rebranding effort in December 2016 to create three distinct divisions operating under the names of ICON Visual, ICON Media and ICON Print.

The ICON Visual division generates more than half of the parent company’s annual revenue, which in its most recent fiscal year amounted to just under $40 million, based on one of Canada’s most powerful large-format imaging infrastructures. ICON Visual, generating around 80 percent of its revenue through roll-fed Durst machines, traces its roots back to the company’s founding in 1995 as a pioneer in the display graphics sector.

ICON Media is responsible for managing national digital-signage networks for Blue Chip clients like Shoppers Drug Mart, as well as high-profile regional clients like Pearson Airport – way-finding screens – and Toronto’s Dundas Square. The division was established in 2009 after ICON purchased Gridcast and today works with clients to deploy signage networks with the ability to procure all of the necessary hardware, develop business plans and manage ever-changing content.

ICON Print is the third pillar of the company’s rebranding strategy, now focused on producing offset work in-house after it has been outsourcing such jobs for its client base. Last year alone, ICON oversaw the printing of more than 20-million direct-mail pieces in addition to a range of offset-produced marketing collateral. The company’s executive team spent the past several months looking at printing operations to purchase in the Greater Toronto Area.

With the acquisition of 25-year-old Toronto Trade, led by the printing expertise of President Kieron Pope and Vice President Steven Niles, ICON projects it will reach approximately $50 million in revenue by the end of its current fiscal year.

“We look at print not so much as old technology. We look at it as just another communications medium. In fact, our numbers tell us there is a lot of growth in print still,” says Juan Lau, President and CEO of ICON Digital, who co-founded the company in 1995 with business partners Peter Evans and Peter Yeung. “The last three or four years we kept looking at our financial statements and, ironically, the fastest growing service sector was commercial printing – and we were not even trying.”

Kieron Pope and Steven Niles are to remain in their leadership roles with the offset-printing operation. “This secures a bright future and legacy for our staff and customers and we couldn't be more excited to be part of a progressive organization like ICON,” said Pope, in a press release about the acquisition.
Multi-Bookbinding has purchased the assets of Quebec City's Spiraplast, a producer of high-quality PVC wire for spiral binding. Founded in 1988 by André Primeau, Spiraplast has a fleet of equipment which includes a Deltaplast D45 extruder line and four spiral forming machines from Renz and Bomco.
 
All of this equipment has now been integrated into Multi-Bookbinding's 57,000-square-foot plant in Shawinigan, Quebec, positioned in the middle of the main printing centres of Montreal, Quebec City, Beauce, Montmagny and Ottawa. Spiraplast’s client base consists of binderies, copy centres, printers, and professional offices throughout Quebec and Ontario.
 
“We’re proud with this addition to our services. There are only two other companies in Canada that produce spirals made from PVC particles,” said Yvon Sauvageau, President of Multi-Bookbinding. “Binderies are always under pressure to deliver in record time. Vertical integration is one solution, plus we create new jobs in our versatile team of 60 employees.”

Sauvageau has led Multi-Bookbinding as President since 2008, shortly after he and a group of associates began a process to acquire the company following the passing of its founder (1988), Suzanne Ferron. The company, with 60 employees, is known for being one of the largest case binderies in the country and also as a large producer of perfect binding, creating more than six million bound units a year.
Xerox Corporation and Electronics For Imaging entered a new strategic partnership to develop what the company's describe as a next generation digital front end (DFE) to drive Xerox production presses. Financial terms of the transaction were not disclosed.

The agreement includes the sale of Xerox’s FreeFlow Print Server (FFPS) DFE business to EFI. Under the terms of the deal, EFI will continue to produce and support FFPS to avoid interruptions for current software customers.

“Customers will gain a powerful solution with more efficiencies, performance and quality to meet the most demanding production requirements,” said Andrew Copley, President, Graphic Communications Solutions, Xerox.

Xerox functionality from FFPS is to be integrated with EFI’s Fiery product. The companies explain that EFI sales and technical field resources will work side-by-side with Xerox equipment sales reps, in regard to FFPS installations.

“This next step in our strategic alliance will give customers the industry’s highest performing DFE with unparalleled imaging and colour management,” said Guy Gecht, CEO of EFI. “EFI integration among the DFE, workflow software, and management information systems products deliver the higher levels of automation and productivity that are key to print businesses taking full advantage of the opportunities with digital printing.”

Xerox and EFI have a long-standing partnership in terms of integrating technologies. Most recently, Xerox collaborated with EFI to develop a new print server, the Xerox IJ Print Server powered by Fiery, to drive the recently introduced Xerox Trivor 2400 inkjet press. The DFE handles a range of data streams, while enabling integration, colour management and integration with existing workflows.

The next generation DFE coming from this new partnership will be integrated with EFI’s Productivity Suites, which includes management information systems like PACE, PrintSmith Vision, Monarch, and Radius ERP. Additionally, the DFE will integrate with Xerox FreeFlow Core and XMPie workflows, as well as third-party prepress software like Agfa Apogee, Heidelberg Prinect and Kodak Prinergy.

The agreement, explains the company, is for FFPS only and does not impact the Xerox workflow solutions that carry a FreeFlow sub-brand name (FreeFlow Core, FreeFlow VI Suite, FreeFlow Makeready and FreeFlow Digital Publisher).
Hubergroup, one of the world’s largest ink producers, has introduced a new sheetfed printing ink series, called Mga Natura, for the high-volume printing of food packaging.

Described by Hubergroup as an extremely fast-setting ink series, Mga Natura Is well suited for what the company labels as fast post-print processing. Hubergroup points to major market demands in the printing of food packaging like large-format prints produced at high speeds, cheaper substrate grades, and a great awareness for quality and safety that demand special printing-ink systems.

hubergroup is replacing its Natura Mga series with its latest Mga Natura series starting  on February 1, 2017. The company explains the new series holds greatly improved in-press performance and it satisfies the requirements of the major food manufacturers. The company also notes the new ink has very good organoleptic properties, especially when fast post-print processing is required.

Natura Mga will be available as process inks, as spot inks in line with the classic colour guides and also as bespoke corporate design colours.
Ricoh today announced its acquisition of Toronto-based Avanti Computer Systems, which has been a leading developer of Management Information Systems dedicated to the printing industry for approximately three decades.

In July 2013, Ricoh made a strategic investment in Avanti as the MIS developer was preparing to launch its new generation Avanti Slingshot solution, which was released in the fall of that year at Graph Expo. One of the most-advanced MIS products in today's print market, Slingshot was built around a completely new coding infrastructure and the MIS sector’s highest level of JDF certification for automation.

Avanti’s Slingshot product, which can be cloud-based or hosted onsite, was in development for over three years before its launch, built from the ground-up to handle multiple lines of business, including large-format inkjet, toner and offset lithography, mailing and fulfillment workflows, as well as creative, marketing and data management services from one platform. The development of Avanti Slingshot was featured as the cover story of PrintAction’s August 2013 issue, The Slingshot Effect.)

“We are committed to continual portfolio advancements aimed at helping our customers grow their businesses and improve their efficiency,” said Jeff Paterra, Senior VP and GM, Technology & Solutions Development, Ricoh, about the Avanti acquisition. “We know that in order to achieve this, they need complete solutions which address their business needs. While our Ricoh Pro Series continues to grow market share globally thanks to its high quality and high productivity, customers look to Ricoh to resolve wider issues surrounding upstream and downstream systems. Our acquisition of Avanti helps us more effectively do just that.”
 
Previously, Ricoh acquired MarcomCentral (formerly known as PTI Marketing Technologies) in December 2014, a move to help build the company’s position in providing Web to print, marketing asset management, and variable data printing tools. With the addition of Avanti, Ricoh explains the acquisition of Avanti enables its software portfolio to cover the entire production workflow.

“Ricoh’s initial strategic investment in Avanti three years ago gave us an unparalleled opportunity to advance product development and further deliver innovative MIS solutions,” said Patrick Bolan, President of Avanti. “The acquisition by Ricoh sets the stage for Avanti to accelerate growth into the global marketplace.”
Deschamps Impression of Québec City, Québec, has acquired another of the province’s best-known commercial printing operations in Imprimerie Litho Chic. With this acquisition, Deschamps will have more than 200 employees and increase its annual sales to over $33 million.

The Litho Chic acquisition compliments a year of capital-equipment investment by Deschamps. In May 2016, the printing company bought a new Xerox iGen5 press, as well as binding and finishing equipment for its Montreal plant.

In December 2016, Deschamps Impression expanded its Québec City facility by almost 5,000 square feet. In January 2017, the company is installing a brand new 5-colour Heidelberg CX-102 press in its’ Quebec City facility.

“Our first objective in buying this company is to increase our presence in the Québec market where we have been in business for more than 90 years,” said Jean Deschamps, President and Chief Operating Officer of Deschamps Impression.

Founded in 1987, Imprimerie Litho Chic specializes in commercial work with both offset and digital printing systems. Jean Bilodeau and Michel Leclerc of Litho Chic will continue to play key roles within the Deschamps Impression organization.

“The clients from both companies will be the first to benefit from this transaction as we will improve our turnaround time, our production capacity, and a wider variety of services provided,” said Jean Bilodeau.

On top of high-end commercial printing, Deschamps Impression focuses on providing clients with prepress services, security and digital printing, as well as pharmaceutical and cosmetic folding-carton and box printing, in addition to bindery and finishing services.
CCL Industries Inc., headquartered in Toronto, Ontario, reached an agreement to acquire the UK-based Innovia Group of companies – consisting of three divisions noted as Films, Security and Systems – for approximately $1.13 billion. The transaction – involving a consortium of private equity investors managed by The Smithfield Group LLP – is expected to close by the end of CCL’s first quarter 2017.

“This transaction is another transformative acquisition for CCL, propelling the Company to world leadership in the disruptive, fast growing polymer banknote market while strengthening our depth in the materials science arena with proprietary BOPP films technology for the label, packaging and security sectors,” said Geoffrey Martin, President and Chief Executive Officer of CCL. Martin continued to explain the Innovia acquisition is to be propelled by the company’s end-use facing businesses in CCL Label, CCL Design, Checkpoint and Avery.

“CCL’s 2017 pro-forma annual sales are forecast to exceed $5.0 billion post close,” said Martin. “The transaction will be financed from existing capacity in our revolving credit facility and a new US$450 million, two-year term loan provided by a syndicate of banks led by Bank of Montreal.”

For 2017, Innovia is expected to generate net revenue of approximately $570 million. Headquartered in Wigton in the U.K., Innovia is a global producer of multi-layer, surface-engineered BOPP films for label, packaging and security applications. The business has film extrusion, coating and metallizing facilities across the U.K., Belgium and Australia, as well as high security, specialized polymer banknote operations in the U.K., Australia and Mexico with 1,200 employees and sales offices in 16 countries around the world.
Hemlock Printers of Burnaby, BC, has created a new entity called Hemlock Harling Distribution Inc., which is described as a company dedicated to providing data-driven marketing, postal and third-party distribution services to customers throughout North America. Hemlock Harling will formally open its doors on February 1, 2017, coinciding with the acquisition of Kirk Marketing, a 60-year-old full-service print, mailing and fulfillment services company in Richmond, BC.

The venture is an equal partnership between Hemlock Printers and Harling Direct, a marketing-support company providing postal services and fulfillment from facilities in Montreal, QC, and Toronto, ON.

Operating from Kirk’s existing 40,000 square foot facility, Hemlock Harling will bring together a team of 40 staff members, who, in addition to serving its established customer base, will also support Hemlock Printers and Harling Direct clients – significantly expanding the capabilities of both partner organizations.

“We are very excited to launch this new company with our partners at Harling Direct. The management and distribution of our printed materials is fast becoming an integral part of our business, requiring a high level of expertise,” said Richard Kouwenhoven, President and COO, Hemlock. “Hemlock Harling will enable us to greatly expand this service area and will help us meet the changing needs of our customers in the years ahead.”

Harling’s President, Randy Yates, added: “Harling has been actively looking to the Western Canadian Market to offer customers complete distribution coverage from coast to coast, and when the opportunity arose to partner with an established company like Hemlock Printers, we didn’t hesitate.

Harling is not new to this type of business venture, having successfully partnered with the PDI Group of Montreal since 2007,” continued Yates. “Our mutual clients have benefitted from a powerful integration of print, mail, warehousing and distribution services which is a model we are looking forward to growing in the West. Our acquisition of Kirk Marketing provides an ideal springboard for this new venture.”

Gordon Taschuk, President and CEO of Kirk Marketing, is to become General Manager of the new Hemlock Harling operation. “I’m looking forward [to] working with two of the most respected companies in the industry, leveraging our combined strength to the benefit of our customers and staff,” said Taschuk.

Founded in 1968, Hemlock Printers is today seen as the largest full-service commercial printing company in Western Canada. Hemlock’s production facilities in Burnaby operate 100 percent carbon neutral and the company has sales offices in Victoria, Seattle and San Francisco.

Founded in 1959, Harling specializes in direct mail and third party fulfillment logistics. It provides services in both of Canada’s official languages, preparing distributions to destinations across North America and internationally.
Cimpress N.V., with its largest printing and production facility in Windsor, ON, entered into a definitive agreement to acquire National Pen Co. LLC, a major manufacturer and marketer of custom writing instruments. The move adds mass customization capabilities to what Cimpress describes an important segment of the market for small business marketing products.

Under the terms of the agreement, Cimpress will acquire 100 percent of the outstanding equity interests of National Pen for a purchase price of approximately US$218 million ($286.5 million Canadian). Consideration at closing for the transaction will be in cash, using Cimpress' existing credit facility. Based on Cimpress estimates made during due diligence, National Pen's revenue is expected to be approximately US$275 million ($361 million Canadian )in calendar year 2016.

“Just like business cards, custom pens are a simple yet highly effective way for small business owners to market their companies,” said Robert Keane, CEO of Cimpress. “National Pen has tremendous mass customization and related supply chain capabilities with which they deliver an unrivaled breadth and depth of customizable writing instruments with low minimum order quantities that meet the low-volume needs of small businesses.”

National Pen is to complement the organic investment Cimpress has already made in its technology and supply chain capabilities for promotional products, apparel and gifts (PPAG) offerings. Cimpress explains it has made significant investments to reduce the minimum order quantity required for custom promotional products and business apparel. These have automated many of the graphic processing steps of the value chain so as to reduce per-order setup costs and developed more intuitive self-service, browser-based design tools.
 
“National Pen is a clear leader in one of the key promotional product segments and has excellent manufacturing and supply chain capabilities, which we do not have today,” said Keane. “By combining the company's capabilities and expertise with those of Cimpress, we are confident we can help to grow both National Pen and the promotional products offering of our existing portfolio of brands.”
 
Keane continued to explain National Pen has meaningful scale-based sourcing and production advantages, as well as strong competencies in direct marketing, telesales and data analytics. As part of Cimpress, National Pen will continue to go to market as it does today, through its primary sales channel which is a combination of direct mail and telesales. Additionally, Cimpress expects further develop National Pen’s e-commerce presence and to introduce the National Pen product range into its Vistaprint and Upload and Print e-commerce brands.
 
Founded in 1966, National Pen provides personalized marketing solutions to more than one million small- and medium-sized businesses globally. The company is headquartered in San Diego, California, with additional locations in the United States, Mexico, Ireland, and France.
Paragraph Inc., a company specializing in print and digital communications, has acquired Kayjon, a commercial printing facility located in the same region of Saint-Laurent, Quebec.

Kayjon's facilities will be moved to the Paragraph facility located in a borough of Saint-Laurent. With the joining of Paragraph and Kayjon, more than 175 employees will be brought together and the company has combined sales targets of $26 million.

For more than 25 years, Paragraph has been developing customized, innovative solutions for printing, document management and integrated digital media for its customers. His knowledge and expertise in these fields have made Paragraph one of the most recognized companies in the industry. Today, it relies on its know-how and vision to position itself as a leader in this industry that is undergoing a profound transition.

On news of the acquisition, Martin Lépine, President of Paragraph, said: “Through acquisitions and R&D, we are able to redefine the possibilities of the world of graphic communications and marketing services… The status quo is no longer an option in our industry and we are embarking on this new turn by combining the ultimate in printing technology with the power of new media to better ensure our growth. This will enable our customers to optimize the efficiency and performance of their communications, whether printed or digital.”

Founded in 1979, Kayjon is one of the best know commercial printers in Quebec, focused on providing high-quality, sheetfed printing, as well as a range of related services like prepress, digital printing, cutting and finishing. “It was clear that our two companies, resolutely focused on quality and customer service, are joining forces to offer a diverse range of products,” said Derek James, President of Kayjon. “With the expertise of our employees who complement each other admirably, we will continue to build strong, long-term business relationships, as we have been doing since our early days.”

James continues to explain that the combined company will now be able to offer a turnkey service to customers, including: graphic design services, integrated marketing and communications services, premium printing (conventional, digital and large format), POS advertising, distribution and advertising.

“We are truly enthusiastic to be able to honour the continuity of what is the DNA of this beautiful organization that is Kayjon,” said Lépine. “Together, I am confident that we will have the ability to offer our clients a range of services that combine a high level of know-how with the strength of new media. This alliance marks the beginning of a new era in our field, and our customers will be the first to benefit from it.”
Alliance Franchise Brands LLC, based in Plymouth, Michigan, has acquired the Canadian franchise organization KKP Canada, based in Richmond Hill, Ontario. The agreement adds 50 franchise locations to Alliance Franchise Brands’ portfolio, which includes more than 600 locations in North America and the United Kingdom.

The purchase of KKP Canada effectively triples the Canadian presence of Alliance Franchise Brands. “This represents a sound investment in the continued growth of our network,” said Mike Marcantonio, CEO, Alliance Franchise Brands. “Our organization began in the graphics communications industry with the quick print concepts of Speedy Printing in Canada and American Speedy Printing in the U.S.

“Over the past 40 years, we have aggressively invested in the areas with the most potential for long-term gains, including technology, signage, digital and print communications,” continued Marcantonio. “With the acquisition of KKP Canada, our network of businesses is 630 strong with annual revenues approaching a half billion dollars.”

The company’s brands include Allegra, Speedy Printing, image360, Insty-Prints, Signs by Tomorrow, Signs Now, Zippy Print (also Canadian), and KKP franchises in the United States.

“Our franchise members have been serving their markets in Canada for over 30 years,” said Kevin Cushing, President of the Marketing & Print Division for Alliance. “We have our own corporate-owned location in Windsor, Ontario, and 25 franchised locations across the country prior to having KKP Canada join our network. We believe this move will support greater resource deployment for the success of all of our members and better partnership opportunities with Canadian suppliers."

KKP Canada CEO and Vice-Chair Gigi Harding is to remain active in KKP Canada through the transition as an advisor.
Agfa-Gevaert NV released a public statement that has been approached by CompuGroup Medical SE to purchase all of the issued shares of Agfa by way of a voluntary conditional public takeover offer. The statement comes amid a report by Belgian financial paper De Tijd that Agfa has been in talks with a potential buyer.

Based in Mortsel, Belgium, Agfa notes there is no certainty as to whether a public offer for all issued and outstanding shares of Agfa will materialize.

The Board of Directors of Agfa, together with its financial and legal advisors, are evaluating CompuGroup’s expression of interest. The company states it is taking into account the interests of its shareholders and other stakeholders.

CompuGroup Medical of Germany is one of the largest eHealth companies in the world with a presence in more than 40 countries. With a revenue base of more than EUR 500 million ($736 million in Canadian dollars), its software products are designed to support all medical and organizational activities in doctors’ offices, pharmacies, laboratories and hospitals.

Agfa is a much larger company, with approximately 10,000 employees, generating more than EURO 2.5 billion in annual revenues, including just over 50 percent from its graphics communications operations, with slightly more than 40 percent coming from health care interests.
Sun Chemical and its parent company, DIC Corporation, have acquired Gwent Electronic Materials Ltd., a manufacturer of conductive inks, pastes and powders for the printed electronic market.
 
With the acquisition of the United Kingdom-based company, Sun Chemical states Gwent’s European-based production sites will enhance Sun Chemical’s global conductive ink, paste and powder manufacturing capabilities while allowing further penetration into developing markets.

Gwent Electronic Materials was founded in 1988. Its products are manufactured directly for individual customers and are tailored to suit specific processes of manufacturing plants. Sun Chemical explains Gwent Electronic Materials’ strengths include being a major world supplier of pastes and other ancillary materials for the bio-sensor and biotechnology markets. Additionally, other major targets are automotive and display products.

“The addition of Gwent’s diverse advanced electronic materials and tailor-made technologies will further expand Sun Chemical and DIC’s solutions portfolio for printed electronics globally,” said Mehran Yazdani, President of Sun Chemical Advanced Materials. “Sun Chemical has experienced tremendous growth in the global printed electronics market and this acquisition will help us expand into this strategic market and enable us to better serve our customers.”
 
Headquartered in Parsippany, New Jersey, Sun Chemical is a producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. Together with DIC, Sun Chemical has annual sales of more than US$7.5 billion and over 20,000 employees around the world.
St. Joseph Communications has finalized an agreement to acquire Bassett Direct, which has long served as of Canada’s most advanced providers of direct marketing services and variable printing programs.
 
“We are thrilled to welcome Bassett Direct’s strong industry reputation, talent, knowledge and 22 years of experience to the St. Joseph organization,” said John Gagliano, President of St. Joseph’s Print Group. “Targeted, personalized direct marketing stands out as a powerful component in today’s marketing mix for brands to leave lasting, tactile reminders with their customers. We look forward to deepening our direct mail offerings with our customers and likewise, are excited to help Bassett Direct’s customers tap into St. Joseph’s interconnected solutions across all mediums.”

Rich Bassett founded Bassett Direct in 1994 and became one of North America’s leading figures in personalized printing and direct marketing programs. He is a recipient of the Canadian Marketing Association’s (CMA) Lifetime Achievement Award. With a focus on high-impact and personalized direct marketing campaigns, Bassett Direct produces oversized and multi-panel largest, self-mailers, pop-ups and custom formats. Clients include many of Canada’s leading financial institutions, advertising agencies, not-for-profit organizations and loyalty companies.
 
“We are extremely excited about joining the St. Joseph Communications family,” said Rich Bassett, President of Bassett Direct. “There is a strong fit between the two organizations and I am confident that our customers and employees will benefit greatly from an innovative printer that is also part of an integrated communications company.”
 
Driven from its Toronto Print Campus – the largest of its kind in Canada – and a network of cross-country print centres, St. Joseph’s annual output includes more than 200 million catalogues and magazines, and one billion flyers.
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