bpost and Landmark Global Discuss Potential Acquisition

News provided by

Oct 30, 2012, 06:30 ET

SANTA BARBARA, CA, Oct. 30, 2012 /PRNewswire/ - Landmark Distribution LLC is pleased to announce that it has started discussions with bpost, the Belgian postal operator, with respect to the possible acquisition of a majority share of the California (USA) based Landmark Global Inc. and the Ontario (Canada) based Landmark Trade Services. Due diligence and negotiation of the terms of a possible acquisition are ongoing. A binding contract for such acquisition is still to be signed and is subject to approval by the respective boards of Landmark Distribution, LLC and bpost.

About Landmark Global

Landmark Global is the cross-border parcel logistics leader for U.S. multi-channel "business to consumer" organizations who utilize an e-commerce, direct response, direct marketing or other direct to consumer strategies. Landmark Global's locations include: Ontario, California; Carson, California; Seattle, Washington; Salt Lake City, Utah; Taylor, Michigan; Romulus, Michigan; Buffalo, New York; Toronto, Ontario (Canada); Windsor, Ontario (Canada) and two returns facilities in Vancouver, British Columbia (Canada) and Calgary, Alberta (Canada).

About bpost

bpost is the leading postal operator in Belgium marketing a wide range of products and services on mail and related markets. bpost's core business is collecting, sorting, transporting and delivering letters and parcels. Every day bpost staff handle twelve million mail items and drop by every single letterbox in Belgium. bpost also develops activities responding to the interaction between electronic communication and mail. bpost and its subsidiaries provide solutions in document management, certified electronic communication, international added value services and more. Services are provided to businesses under the name bpost business. International activities are operated under the name bpost international. bpost bank, a joint venture of bpost and BNP Paribas Fortis, markets a range of banking and insurance products. The Belgian State holds 50% + 1 share of bpost. The remaining shares are held by CVC Capital Partners.

SOURCE Landmark Global