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Board Administrator
Username: Admin
Post Number: 2796
Registered: 12-2004
Best of Black Box? 
Votes: 2 | | Posted on Tuesday, November 22, 2005 - 9:17 am: | |
FOOTNOTE (4)
Knight Ridder Tribune Business News - Jan. 12, 2001
Omaha, Neb., Mail-Sorting Firm Lands Vestcom Contract
PSI Group Inc. of Omaha has acquired the mail pre-sorting operations of Vestcom MidAtlantic Inc. in West Caldwell, N.J., a subsidiary of Vestcom International Inc., for an undisclosed amount.
PSI has been managing Vestcom's mail-sorting operation since Dec. 21 and expects to move the Vestcom office to a new location this spring. The acquisition gives PSI 12 operating centers with the capacity of handling 10 million pieces of mail daily, about 5 percent of the nation's automated first-class mail.
The office is the company's first operating center in the New York City area, said Robert F. Krohn, chairman and chief executive of PSI, and eventually will handle 2 million letters a day. Neil Dean, a PSI senior vice president, is now general manager of the New Jersey operation.
Vestcom sold the operation so it can focus on its core businesses of providing communications and marketing support to businesses, said Brendan Keating, CEO of Vestcom. |
