Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Pitney Bowes acquires PSI Group

Published on .

Stamford, Conn.--Pitney Bowes Inc. on Thursday said it has agreed to acquire mail pre-sorter PSI Group Inc. in a $130 million stock transaction. PSI prepares, sorts and aggregates mail for business mailers that want to earn Postal Service discounts; pre-sorting is a $1.2 billion industry. PSI will become a wholly owned subsidiary of the Pitney Bowes. The transaction is expected to close in the third quarter of this year.
Most Popular
In this article: