Performance Printing purchased by Metroland
Wed, 10/19/2011 - 10:22
Metroland Media Group Ltd. has acquired Performance Printing Ltd. of Smiths Falls, Ontario for $22.5 million. Performance Printing is a commercial printer with operations in Smiths Falls, as well as a newspaper publisher and flyer distributor in several Eastern Ontario communities including Kingston, Belleville, Brockville, Smiths Falls and Ottawa. Performance Printing publishes 18 newspaper titles that reach more than 474,000 homes in eastern Ontario.
“The acquisition will allow Metroland, publisher of more than 100 newspapers primarily in the Greater Toronto Area, to extend its community newspaper and flyer distribution services to new communities in Eastern Ontario. The acquisition will also support Metroland’s extension of its growing suite of digital offerings,” said David Holland, President and Chief Executive Officer of Torstar Corporation.
Mike Mount, former President of Performance, will now serve as Vice President and Regional Publisher for Metroland’s Ottawa Region. Mount also serves as First Vice President of the Ontario Community Newspapers Association.
“The acquisition will allow Metroland, publisher of more than 100 newspapers primarily in the Greater Toronto Area, to extend its community newspaper and flyer distribution services to new communities in Eastern Ontario. The acquisition will also support Metroland’s extension of its growing suite of digital offerings,” said David Holland, President and Chief Executive Officer of Torstar Corporation.
Mike Mount, former President of Performance, will now serve as Vice President and Regional Publisher for Metroland’s Ottawa Region. Mount also serves as First Vice President of the Ontario Community Newspapers Association.
