FORT WASHINGTON, Pa. and DALLAS, March 30 — (PRNewswire) — Universal Map Group, LLC, ("Universal") an affiliate of Kappa Media Group, Inc. ("Kappa"), announced today it has reached an agreement to acquire the assets of Mapsco, Inc. ("Mapsco"), a Dallas, Texas-based publisher of regional and local maps sold principally in Texas, Oklahoma, Colorado, New Mexico, and Louisiana. Closing of the transaction is scheduled for March 31, 2010. Universal plans to retain the Mapsco name, several Mapsco retail stores and expand on its presence both within and outside of Texas by marketing under the Mapsco, Universal and Kappa brand names.
"Mapsco is the premier regional map publisher in Texas and Colorado and the acquisition of the Mapsco product line provides Universal with the ability to extend its brand and further enhance its proprietary map coverage," stated Nicholas Karabots, Chairman of Universal. "Our combination with Mapsco will result in an expansion of service to our retail customers, which is critical to the success of this industry," added Karabots.
"Mapsco is proud of the brand it has created in Texas and surrounding markets over nearly 60 years and confident that being part of Universal will further the legacy," noted Tracy Eubanks, Chief Operating Officer of Mapsco. Eubanks added, "Mapsco established itself as the dominant map publisher in Texas and Colorado and the Universal affiliation will serve to significantly strengthen the offerings to a much larger customer and geographic base."
About Universal
Headquartered in Fort Washington, Pennsylvania, Universal is one of the leading publishers of national, regional and local premium map products, Atlases, Wall Maps, and Custom Mapping Solutions sold throughout the United States and Canada. Universal products are sold through national and online retailers, and major convenience stores. Universal employs approximately 100 people in Fort Washington, PA, and Deland, FL, as well as thirty other distribution points throughout the United States.
|
For more information about Universal, visit http://www.universalmap.com or contact: |
|
|
|
|
|
Vincent Ohanyan |
|
|
Universal Map Group, LLC |
|
|
PO Box 736, Fort Washington, PA 19034 |
|
|
215-643-5800 or 215-643-6385 |
|
About Kappa
Kappa Media Group, Inc. and its affiliates, located in Fort Washington, PA, are the largest publishers of puzzle magazine and book product in the United States. Kappa's product offerings also include children's activity books and licensed printed product sold principally in the U.S. and Canada.
|
For more information about Kappa, visit http://www.kappapublishing.com or contact: |
|
|
|
|
|
Kappa Publishing Group, Inc. |
|
|
PO Box 736, Fort Washington, PA 19034 |
|
|
215-643-5800 or 215-643-6385 |
|
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Universal Map Group, LLC
| Contact: |
| Universal Map Group, LLC
Mapsco, Inc. Vincent Ohanyan of Universal Map Group, LLC Phone: +1-215-643-5800 Phone: +1-215-643-6385 Kappa Publishing Group, Inc. +1-215-643-5800 Phone: +1-215-643-6385 Web: https://www.universalmap.com |
