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Pollard Banknote Announces the Acquisition of Clarence J. Venne, a Leading Manufacturer in the Charitable Bingo Market
Pollard Banknote Announces the Acquisition of Clarence J. Venne, a Leading Manufacturer in the Ch...
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[{"type":"text","content":"\n\n\n\n Pollard Banknote Announces the Acquisition of Clarence J. Venne, a Leading Manufacturer in the Charitable Bingo Market\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n WINNIPEG, MB\n \n\n ,\n \n\n July 29, 2024\n \n\n /CNW/ -\n \n Pollard Banknote Limited\n \n (\"Pollard Banknote\") (TSX: PBL) announced today that it has signed a definitive agreement to purchase (\"Acquisition\") 100% of the business of\n \n Clarence J. Venne\n \n , LLC (\"Venne\"), a leading manufacturer of bingo markers utilized primarily in the charitable gaming bingo market.\n \n\n\n\n\n\n\n\n\n For over 60 years,\n \n Clarence J. Venne\n \n , LLC has manufactured the world's finest and most innovative line of bingo markers (also known as \"dabbers\" or \"daubers\"). Venne's products are sold in every bingo market throughout\n \n North America\n \n , as well as in 23 foreign countries. The founder and namesake of the company, the inventor of the bingo dauber, instilled a culture of company pride, product innovation, and customer-first principles that have endured throughout the last six decades since Venne's founding in 1962.\n \n\n \"We are very excited about bringing the Venne team into our organization and believe it will be a great combination with our existing charitable games group,\" said\n \n John Pollard\n \n , Co-Chief Executive Officer, Pollard Banknote. \"The bingo market is an important component of charitable gaming, and providing an expanded product offering to existing and new customers is a critical element of our strategic plan. We believe the Venne team brings valuable years of expertise and superior bingo products to the Pollard Charitable Games Group. Venne will be a key addition in helping us remain a leader in this space and we are honoured they have chosen to join us.\"\n \n\n\n Steven Fingold\n \n , Executive Vice President, Charitable Gaming, Pollard Banknote stated, \"Venne has long been the industry leader in bingo daubers and we're thrilled to have them join our charitable games group.  With their expertise and deep unders...