TPG acquires CD: a leading Mail distributor in the UK
TPG acquires CD: a leading Mail distributor
in the UK
TNT Post Group N.V. (TPG) has acquired a 90% stake in CD Marketing Services Group Ltd (CD), the holding company for Circular Distributors Ltd. and Lifecycle Marketing Ltd. Circular Distributors Ltd. is a leading British private company in unaddressed mail delivery. It is also active in database management. The group’s turnover in their last financial year was EUR 50 million. The acquisition gives TPG a strong foothold in the mail distribution market in the UK. The acquisition, which is TPG’s first in the UK mail market, is in line with its international expansion strategy.
Circular Distributors Ltd. was founded in 1952. It has become a leading company in the distribution of leaflets, free newspapers and samples in the UK, covering 80% of all UK households. Circular Distributors Ltd. also offers European solutions. Its main clients are in the fast moving consumer goods, retail and direct marketing sectors. Lifecycle Marketing Ltd. is a targeted marketing business which includes the Emma’s Diary® publications and the marketing of data and lifestyle information.
Harry Koorstra, TPG’s Group Managing Director Mail, states: “We are delighted to have completed this acquisition which provides a firm base for future growth in a key European market. CD’s position in the British mail distribution market will enhance the competitive position of TPG as the European supplier of mail distribution services.”
Nick Wells, CD’s Group Managing Director, says: “We are pleased with the acquisition. It provides support for strengthening and expanding our position in distribution, data and targeted marketing. Management stays the same but it does provide additional investment and resource opportunities.”
TPG, with its two brands TNT and Royal PTT Post, is a global provider of mail, express and logistics services. It employs approximately 130,000 people in 58 countries and serves over 200 countries. The company reported sales of EUR 9.9 billion in 2000. TPG is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt.
