Its revenue for the first quarter was $335.1 million, compared to $339.5 million in Q1 2009, and operating income was $69 million vs. $27.2 million.
Lee Schram
Deluxe paid $98 million in cash for the provider of direct-to-consumer checks and says it has no immediate plans to close any facilities as a result of the acquisition.
ST. PAUL, MN—After a review of its cost structure in light of a weak U.S. economy, check printer Deluxe Corp. has decided to close manufacturing facilities in Greensboro, NC; North Wales, PA; and Thorofare, NJ. The company has also identified more opportunities to streamline portions of its business unit support and corporate shared services.
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