We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » ModusLink acquires direct mail marketing firm IWCO Direct for $476 million
newsworthy

ModusLink acquires direct mail marketing firm IWCO Direct for $476 million

December 19, 2017
DC Velocity Staff
No Comments

Supply chain management provider ModusLink Global Solutions Inc. said Monday it has sold a majority stake in itself and acquired the direct marketing firm IWCO Direct for $476 million.

The move adds more digital capabilities to the firm's physical supply chain solutions services, ModusLink said. To fund the transaction, Waltham, Mass.-based ModusLink said it borrowed $418 million from Cerberus Business Finance LLC and sold $35 million in company stock to Steel Partners Holdings LP, a holding company that now owns a 52 percent ownership share of ModusLink. Steel Partners owns and operates businesses in the supply chain management and logistics sector as well as other firms in energy, defense, and banking.

IWCO Direct says it is the largest direct mail production provider in North America, providing digital print technology and direct marketing agency services, including strategy, creative services, and production for multichannel marketing campaigns. The firm also offers business continuity and disaster recovery services, IWCO said.

ModusLink said it plans to aggressively grow IWCO organically and through acquisitions. "We essentially double the size of our company and add significant earnings and free cash flow," ModusLink Executive Chairman Warren Lichtenstein said in a statement.

For the last 12 months through October 2017, IWCO Direct had net revenue of $470.6 million and net income of $18.9 million, while ModusLink had net revenue of $417.8 million and a net loss of $22.5 million for the same period, the companies said.

ModusLink's digital and physical supply chain business, ModusLink Corp., will continue to be run by CEO Jim Henderson, while IWCO Direct will continue to be run by Jim Andersen, its CEO since 1999, the firms said.

Business Management & Finance
KEYWORDS Cerberus Business Finance LLC IWCO Direct ModusLink Global Solutions Inc. Steel Partners Holdings LP
  • Related Articles

    Descartes acquires airline mail tracking firm for $25.5 million

    Descartes acquires e-commerce shipment tracking firm for $19 million

    Stamps.com acquires U.K. firm for $230 million in international expansion

Recent Articles by DC Velocity Staff

Nocturnal robots stock store shelves

From sea to … shining stars?

Artificial intelligence creates real encyclopedia

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • RJW LOGISTICS GROUP EXPANDS RETAIL LOGISTICS OPERATION TO DALLAS

Now Playing on DCV-TV

D991bf51 52ad 4867 98ff b56f4fe5dd93

State of the Industry: Fluctuations & Normalcy

DCV-TV 4: Viewer Contributed
In this second of a four-part State of the Industry video series, Greg Orr shares insights on the shifting fortunes of a cyclical truckload market and what passes for normalcy in this economy. The truckload market is famous for its boom-and-bust cycles. A downturn in the economy sends the market reeling with too...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing