DONNELLEY MARKETING INC. ACQUIRES FDC, INC.
STAMFORD, Conn., Jan. 11 /PRNewswire/ -- Donnelley Marketing, Inc. and Fingerhut Companies, Inc. (NYSE: FHT) jointly announced today the purchase of the business of FDC, Inc. by Donnelley Marketing, Inc. FDC has been a wholly owned subsidiary of Figi's Inc., which is owned by Fingerhut Companies, Inc. FDC, which will become a division of Donnelley Marketing Inc. under the name FDC/Donnelley Marketing, will continue to provide computer, data processing and database marketing services to the direct marketing industry. "The acquisition of FDC is a strategic move which will add product lines and market share to an already formidable consumer information source," said Robert F. Spillane, president, CEO, for Donnelley Marketing, Inc. FDC, headquartered in Minneapolis, and with additional operations in Marshfield, Wis., employs approximately 200 people. FDC is widely known in the catalog and publishing industry for providing leading-edge commercial marketing database and computer mailing services that have a targeted marketing emphasis. Donnelley Marketing Inc., a leading direct marketing services company headquartered in Stamford, employs over 2,500 people and has operations in Connecticut, Iowa, North Carolina, Illinois, Nebraska, California and Michigan. Donnelly Marketing's DQI2 consumer database contains information on approximately 95% of all U.S. households. Fingerhut Companies, Inc. is a multi-media direct marketing company, selling a broad range of products and services directly to consumers via catalogs, television and other media. The company employs approximately 8,500 people in Minnesota, Wisconsin and Tennessee. Fingerhut Companies, Inc. common stock trades on the New York Stock Exchange under the symbol FHT. -0- 1/11/94 /CONTACT: Robert Jackson of Donnelly Marketing, 708-495-1211; or Betty Bothereau of Fingerhut Companies, 612-936-5586/ (FHT)
CO: Fingerhut Companies, Inc.; Donnelley Marketing, Inc.; FDC, Inc. ST: Minnesota, Connecticut IN: REA SU: TNM
AL-DB -- MN002 -- 0931 01/11/94 10:55 EST
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|Date:||Jan 11, 1994|
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