Our company looks forward to the future and is excited about continuing to lead in the retail and merchandising space. These are growing areas for us as we see new solutions for our customers.
Below is a press release from the Jim Pattison Group:
"JIM PATTISON GROUP AGREES TO SELL U.S. MAGAZINE DISTRIBUTION RELATED ASSETS TO AMERICAN NEWS COMPANY, LLC
VANCOUVER, November 29, 2018 /PRNewswire/ -- The Jim Pattison Group (JPG) today announced that it has reached an agreement to sell its United States magazine distribution business (TNG), including their interest in The News Group LP, to American News Company, LLC (ANC). The sale is expected to close by December 31, 2018 at which time executive management, and the approximately 1,500 employees of the acquired businesses, will transition to ANC and continue to oversee the day-to-day operations.