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Montreal, April 1, 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.
Transcontinental’s direct mail group in the United States
generated revenues of US$153 million in 2009 and has
about 1,200 employees.
About Transcontinental
Transcontinental provides printing, publishing and
marketing services that deliver exceptional value to its clients
and provide a unique, integrated platform for them to reach
and retain their target audiences. Transcontinental is the
largest printer in Canada and in Mexico, and fourth-largest
in North America. It is also the country’s leading publisher
of consumer magazines and French-language educational resources,
the second-largest community newspaper publisher, and its
digital platform delivers unique content through more than
120 Web sites. Its Marketing Communications Sector provides
advertising services and marketing products using new communications
platforms supported by database analytics, premedia, e-flyers,
email marketing, and custom communications. Transcontinental
is a growth-oriented company with a culture of continuous
improvement and financial discipline, whose values, including
respect, innovation and integrity, are central to its operation.
Transcontinental (TSX: TCL.A, TCL.B, TCL.PR.D) has approximately
11,000 employees in Canada, the United States and Mexico,
and reported revenue of C$2.4 billion in 2009. For more
information about the Corporation, please visit www.transcontinental.com.
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For information:
Media
Sylvain Morissette
Vice-President, Corporate Communications
Transcontinental Inc.
Telephone: 514 954-4007
sylvain.morissette@transcontinental.ca
Financial Community
Jennifer F. McCaughey
Director, Investor Relations
Transcontinental Inc.
Telephone: 514 954 2821
jennifer.mccaughey@transcontinental.ca
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