DELUXE CORP. BUYS CUSTOM DIRECT

DELUXE CORP. HAS ACQUIRED Custom Direct, a firm that provides direct-to-consumer checks. The sale price was $98 million, of which $86 million was used to extinguish Custom Direct’s outstanding debt. The acquisition was funded with a draw on Deluxe’s credit facility.

Custom Direct also produces other stationery products, custom designs and printed products, including print-on-demand products marketed to consumers and small businesses through its Janzoon.com Website.

Immediately prior to the acquisition by Deluxe, Custom Direct spun-off its EZShield product line to EZShield Parent, a subsidiary of EdgeStone Capital Equity Fund III of Toronto, Ontario.

According to Deluxe, during the remainder of 2010 the acquisition is expected to generate approximately $60 million in revenue and more than $15 million of additional operating cash.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.