Transcontinental Acquires Direct Mailer JDM Inc.
Transcontinental Direct U.S.A. Inc., a subsidiary of printing giant Transcontinental Inc., put the final details on a deal that will acquire direct mailer JDM Inc., raising the company's production capacity to more than 5 billion direct mail pieces annually.
The $87 million deal includes JDM's five facilities located in eastern Pennsylvania and the company's production and control systems, mailing logistics, and management team.
"Since the acquisition of CC3 in December 2003, renamed Transcontinental Direct U.S.A., we were continuing to look for acquisition opportunities in the direct marketing sector in the U.S.," says Luc Desjardins, president and chief executive officer of Montreal-based Transcontinental Inc. "With its production-oriented culture and expertise, [JDM] complements our current direct marketing activities in the U.S."
Desjardins anticipates JDM to immediately impact Transcontinental Direct's earnings within the next year, based on its experienced management team. Christopher Carosella, son of JDM founder Vincent F. Carosella, will remain with Transcontinental Direct U.S.A. as vice president of direct mail operations, says Desjardins.
JDM has more than 1,100 employees and generated annual revenues of
$91 million in 2004.