Taylor Corp. Obtains Texas-based Venture Encoding
NORTH MANKATO, MN—Taylor Corp. has reached agreement to acquire Venture Encoding of Fort Worth, TX. Venture will be merged with Corporate Graphics Direct Marketing Solutions, a Taylor affiliate based in Arden Hills, MN, with the new company carrying the name Venture Solutions.
Taylor Corp. has more than 80 affiliated companies across North America, China and Europe.
“As Taylor continues to evolve to meet the changing needs of its customers, Venture aligns very well with our corporate growth strategy centered on customer communications in compliance-driven markets such as financial services,” said Glen Taylor, Taylor Corp. CEO. “We will build upon Venture’s legacy of market leadership and deep market knowledge to grow further.”
Venture Encoding, founded in 1972, specializes in providing loan servicing, borrower communications and marketing solutions to large financial organizations. Among its offerings is the VentureAccess online customer care portal, as well as VentureCritical time-sensitive, business-critical services.
“As we searched for a suitable buyer, Taylor stood out as sharing the same values and culture that we are proud of at Venture,” said Venture Encoding CEO Kenny Hargis. “I believe these shared qualities position the combined companies very well for continued future success.”
Corporate Graphics Direct Marketing Solutions provides integrated, multichannel solutions for direct marketing and customer communication management programs. It serves Fortune 1000 companies in compliance-driven markets, including financial services, insurance, health care and telecommunications, in need of custom data processing, variable digital printing, interactive development, postal optimization and turnkey fulfillment services.