Bay Area Group Acquires Master-Sort
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Master-Sort Inc., a Santa Ana-based bulk-mail services company with $9 million in annual sales, has been acquired by a San Francisco investment group. Terms of the cash deal were not disclosed.
The 150-employee company was sold by Anaheim-based Unique Investment Corp., which is concerned about the uncertain future of the bulk-mail industry in light of escalating first-class mail rates, said Dan Lubeck, a co-founder and managing director of Unique.
The buyer, Ancora Capital and Management Group, also owns United Presort, a mail-processing service in Vernon.
Master-Sort is expected to continue operating in its 26,000-square-foot Santa Ana facility.
Unique, which calls itself an acquisition and management company, owns seven other businesses, mainly involved in manufacturing.
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