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Herff Jones sells photography division

Kathleen McLaughlin
April 11, 2011
Keywords
Education & Workforce Development, Manufacturers, Manufacturing & Technology, Mergers & Acquisitions, Private Companies
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Indianapolis-based class ring and yearbook maker Herff Jones will sell its photography division to Lifetouch Inc., the company announced Monday.

Terms of the deal were not disclosed. The sale is expected to close in May.

Herff Jones' photography facilities in Lewiston, Minn., and Charlotte, N.C., will be affected by the agreement. The company did not provide information on the number of employees at those locations.

"This decision is driven by a strategic commitment to focus on other business interests," Herff Jones President Joe Slaughter said in a prepared statement.

Herff Jones makes a number of scholastic recognition and graduation-related products, as well as educational materials. Lifetouch is based in Eden Prairie, Minn. Both companies are employee-owned.

The company is the 21st-largest private company in Indiana, according to IBJ research. It reported revenue of $515 million in 2009. At the time, it had a total of 4,000 employees, including 400 in Indiana.

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  • lifetouch
    DCApril 21, 2011 11:50 AM
    Too bad this couldn't have happened earlier, maybe LT could have turned down the closing of the Derby, CT plant. I know there was suppose to be redevelopment, but we might have been able to use "more work" as an excuse to stay.
    OH WELL
    Reply to CommentFlag Comment
  • Lewiston Facilities still open for reuse possabilities
    kevin krenzkeApril 12, 2011 11:45 AM
    I certanly hope that Lifetouch would discuss the possabilities of Lewiston , MN to reset up business there in Lewiston with some form of their division as the buildings are still there and the shipping still in place.
    Lifetouch should come down to Lewiston, MN to meet with some of the former employee's of Herf Jones / Carmera Art and see that it would be cost effective and with experienced people who can be ready to work in little time, helping the city help lifetouches future and the future workers of Lewiston, MN
    Reply to CommentFlag Comment

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