Jostens, Inc. today announced the execution of an agreement to acquire the assets of Publishing Enterprises, Incorporated, the producer of Memory Book Companyr school yearbooks and Meridian student planners, headquartered in Sedalia, Missouri. Publishing Enterprises also produces a variety of other printed products under the PrintLynx name.
"Publishing Enterprises has been very effective at providing products and services that help people tell their memorable stories and chronicle the year's important events. Jostens shares that same mission and we look forward to working with the Publishing Enterprises business to achieve our collective goals for our customers," said Tim Larson, senior vice president and general manager, Printing & Publishing, Jostens. "The acquisition further expands our reach in serving a broader range of customers for custom memory books and related products."
"Jostens' outstanding reputation, people and commitment to customers are the foundation of our new relationship," commented Lanny Maness, President of Publishing Enterprises, Incorporated. "We look forward to working together and continuing to service our valued customers."
After the closing, the business will continue to market and sell its products through the existing sales channel, with continued production operations at the existing facilities. The company employs a total of approximately 100 full-time and seasonal employees at its locations in Sedalia and Boonville, Missouri.
The transaction, which will be accomplished through a purchase of assets by a wholly owned subsidiary of Visant Corporation, is expected to close in early October 2007.
Minneapolis-based Jostens is a provider of products, programs and services that help people inspire achievement and preserve memories. The company's products include school yearbooks, scholastic products such as class rings and graduation products, and products for athletic champions and their fans. Jostens is a subsidiary of Visant Corporation. For more information, please see our website at www.jostens.com.
Visant Corporation is a leading marketing and publishing services enterprise servicing the school affinity, direct marketing, fragrance and cosmetics, and educational market segments. For more information, please see our website at www.visant.net.
About Publishing Enterprises, Incorporated
Publishing Enterprises, Incorporated is headquartered in Sedalia, Missouri and produces Memory Book Companyr school yearbooks, Meridian student planners and a variety of other printed products under the PrintLynx name.
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