Pitney Bowes Buys Ancora Assets

Share this content:
Pitney Bowes Inc., Stamford, CT, signed a definitive agreement yesterday to acquire a substantial portion of the assets of Ancora Capital & Management Group LLC for about $35 million net of cash and assumed liabilities.

Ancora employs about 900 people and is based in San Fernando, CA. The deal is to close within 30 days.

Ancora provides First-Class, Standard and International Mail processing and presort services with operations in southern California, Pennsylvania and Maryland. It serves commercial mailers, including many Fortune 500 companies.

Ancora will become part of Pitney's PSI operation and its national presort network, which helps customers prepare, sort and aggregate mail to earn postal discounts and expedite delivery. Pitney Bowes entered the multibillion-dollar presort industry in 2002 with the acquisition of PSI.

Loading links....

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here