Postmedia Expands Diversified Business Model with Acquisition of accelerate360 Canada

TORONTO--(BUSINESS WIRE)--Postmedia Network Inc. (“Postmedia” or the “Company”) today announced it has acquired Accelerate360 Canada Inc. (“accelerate360 Canada”), a wholesale distribution and merchandising provider serving customers across Canada. This acquisition aligns with Postmedia’s revenue diversification strategy and emphasizes the Company’s commitment to logistics excellence from coast to coast.

Leveraging collective strengths from nearly 250 years of experience delivering the news and five years growing a parcel delivery operation, this acquisition returns a business to Canadian ownership and increases Postmedia’s scope to include a key supply chain partner providing wholesale distribution and merchandising for book and magazine publishers, and household brands across Canada.

“Through this acquisition, we are continuing to diversify our business model that helps fuel our core purpose of delivering excellence in journalism,” said Andrew MacLeod, President and Chief Executive Officer of Postmedia. “Postmedia has a long-standing focus on Canada’s cultural and commercial heritage. By aligning accelerate360 Canada’s expertise with our scale, we can better serve Canadians in their communities by connecting them with the publications and products they value.”

“Joining Postmedia creates a meaningful opportunity to build on the strength of our distribution and merchandising platform. Together, we will be able to broaden our capabilities, support our partners more effectively, and pursue new opportunities for growth across Canada,” said Carm Alfano, Executive Vice President of accelerate360 Canada.

The acquisition encompasses all accelerate360 Canada’s operations and infrastructure servicing Canadian customers. By leveraging Postmedia’s trusted reputation and established distribution and parcel delivery capabilities, this broadens the Company’s reach to further meet the needs of the Canadian marketplace.

About Postmedia Network Canada Corp.

Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B) is the holding company that owns Postmedia Network Inc., a Canadian newsmedia company representing more than 110 brands across multiple print and digital platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences. Our expertise in home delivery and expanding distribution network powers Postmedia Parcel Services. For more information, visit www.postmedia.com, www.postmediasolutions.com and www.postmediaparcelservices.com.