Deluxe Acquires Custom Direct to Strengthen its Consumer Services
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ST. PAUL, MN—April 12, 2010—Deluxe Corp. (NYSE: DLX) announced today that it has acquired all the outstanding shares of Custom Direct, Inc. ("Custom Direct"), a Joppa, MD-based provider of direct-to-consumer checks. Deluxe paid $98 million in cash of which approximately $86 million was used to extinguish Custom Direct's outstanding debt. The acquisition was funded with a draw on the Company's credit facility.
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- Companies:
- Deluxe Corp.
- People:
- Lee Schram
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