Transcontinental Sees Strong Improvement in Profitability

Corporate Affairs
On April 1, 2010, having met U.S. regulatory requirements, Transcontinental announced that it had concluded the sale of almost all of its direct mail operations in the United States to IWCO Direct, a U.S. company headquartered in Minnesota. The agreement to sell the assets was announced on February 10, 2010, subject to regulators’ approval. The facilities are in Warminster and Hamburg in Pennsylvania, in Fort Worth, Texas, and in Downey, California. The transaction resulted in net proceeds of $105.7 million. The sale reflects Management’s decision to focus on the Corporation’s most promising core business operations and on the development of digital products and services. Transcontinental is still the leader in direct marketing in Canada.