The Papers Inc. has acquired 10 publications in Indiana, Kentucky and Tennessee from the Trader Corporation of Canada, according to John Cribb of Cribb, Greene & Associates, who represented the buyer in the transaction.
Ron Baumgartner, publisher of The Papers, noted, “The Trader Corporation’s several auto, truck and boat magazines, and the classified papers, have done an excellent job through the years. We hope to build on their success in the coming issues as we welcome this group of publications to our family of newspapers and magazines.”
The acquisitions include: Indiana Trader Showcase, Wheels & Deals-Auto, Trader Paper and Peddler’s Post; Kentucky Car & Truck; Tennessee Trader Showcase, Wheels & Deals-Auto, Wheels & Deals-Truck, Wheels & Deals-Boat, and Trader’s Post.
The sales and distribution offices for these publications are located in Indianapolis, Indiana and Nashville, Tennessee. Fifty-eight employees have joined the 285 employees of The Papers. The company’s corporate offices and state-of-the-art printing facilities are in Milford, Indiana.
Kim Gross, new publications and projects manager, said, “We’re excited to work with all of the new employees and their customers. We look forward to getting to know how they function.”
“I think these publications are an excellent fit for The Papers. Even though it is a time of economic downturn, there are still opportunities available such as this one. When the economy turns, and it will, the company will be in a good position in the market place,” explained Kip Schumm, director of marketing.
The Papers currently publishes eight weekly Auto & RV magazines in Indiana, Michigan, Wisconsin, Illinois, Ohio, Kentucky and Tennessee, as well as six Senior Life monthly newspapers in Allen, Elkhart and Kosciusko, Lake and Porter St. Joseph counties in Indiana, Indianapolis and surrounding counties and greater Cincinnati and northern Kentucky.
Other publications are Michiana House & Home, Indianapolis House & Home, Pets & Livestock, ‘the PAPER’ in Kosciusko and Elkhart counties of Indiana, and the flagship subscription weekly newspaper, The Mail-Journal, which serves Milford, North Webster and Syracuse, Indiana.
In times of economic uncertainty, The Papers Inc. is striving to maintain a strong presence in its market niche. It is felt these publications will not only strengthen an already substantial market share but increase business as well.
Cribb, Greene & Associates is an eighty-five year old newspaper brokerage company with offices in Montana and Virginia.