Faxon Canada and Periodica Announcement (Virginia Roy) ERCELAA@ctrvax.Vanderbilt.Edu 18 Sep 1997 14:04 UTC
Date: Wed, 17 Sep 1997 21:04:18 -0400 From: Virginia Roy <virginia@FAXON.CA> Subject: Faxon Canada and Periodica Announcement PRESS RELEASE For Immediate Release Contact: Virginia Roy Celine Guimont (416) 440-8900 (514) 274-5468 royv@faxon.ca info@periodica.qc.ca FAXON CANADA LTD. AND PERIODICA ANNOUNCE PURCHASE AGREEMENT London, Ontario (September 17, 1997) -- Faxon Canada, a pre-eminent Canadian subscription management and information services company and Periodica, the largest provider of French language periodicals and newspapers in North America, announced today that Faxon Canada will purchase Periodica's Quebec- based operation. Periodica, founded in 1946, has built a considerable reputation for product and service excellence throughout the library community in Quebec and other parts of Canada. Over the last few years, and in response to changing client requirements, Periodica expanded its range of services to include sourcing and distribution of French language videos, books and multimedia CD ROM. They are now the single largest distributor of French language materials in North America. "We are very pleased with the agreement," said John Ashby, Faxon Canada's Executive Vice-President. "Faxon Canada and Periodica have very similar approaches to doing business and we both have strong commitments to the library markets we serve." "Its a good fit," he added. Celine Guimont, Periodica's General Manager, agreed with Mr. Ashby and added, "we are looking forward to joining forces with Faxon Canada and to becoming part of the global Dawson family." The acquisition took effect September 12, 1997. It will be business as usual for Periodica and Periodica's clients although it is Faxon Canada's future intent to integrate Periodica's offices and those of its Montreal operation. Faxon Canada has maintained an office in Montreal since 1985. Faxon Canada is a subscription management and acquisition company and forms the Canadian operating arm of Dawson Holdings PLC, an information services company founded in 1809. Dawson fully supports Faxon Canada's acquisition of Periodica as it complements their mission to offer comprehensive services to every type of library and information centre worldwide. The purchase of Periodica positions Faxon Canada as the leading supplier of French language materials in Canada and solidifies their already significant presence in the Quebec library and information market. # # # ************************************************************************* * Virginia Roy * * Marketing Manager Tel: (416) 440-8900 * * Faxon Canada Ltd. Fax: (416) 440-0478 * * 79 Brookdale Avenue E-mail: royv@faxon.ca * * Toronto, ON M5N 1P2 Web: www.faxon.com * * Canada * * A DAWSON COMPANY * *************************************************************************