Herff Jones sells photography division to Lifetouch
6:23 PM, Apr. 11, 2011 | 2Comments
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Lawrence Central
Indianapolis-based maker of class rings, yearbooks and graduation gear Herff Jones announced today it has agreed to sell its photography division to the photography service Lifetouch for an undisclosed amount.
Of the estimated 1,000 employees in the division, most will be offered jobs with Eden Prairie, Minn.-based Lifetouch, said Christine L. Bachmann, a Herff Jones vice president in human resources.
In all of its divisions, Herff Jones employs more than 3,000 people, including about 500 in Indianapolis, Bachmann said.
The Herff Jones photography facilities in Lewiston, Minn., and Charlotte, N.C., also are part of the sale agreement. Terms were not disclosed. The closing date is planned for May.
"This decision is driven by a strategic commitment to focus on other business interests," said Joe Slaughter, Herff Jones president, in a news release.
Slaughter said Herff Jones and Lifetouch are each employee-owned companies with similar core values.
Bloomington, Minn.-based Jostens, a Herff Jones competitor, sold its photography division to Lifetouch in 2006.
Lifetouch bills itself as the world's largest photography company, providing portrait studio services at many JCPenney and Target stores, and photography for church directories and school yearbooks.
Locally, the company may be better known through its subsidiary Prestige Portraits, said Edward Poe, a veteran yearbook adviser at Lawrence Central High School.
1 comment:
I actually wondered if you would read this, because it really is geared towards hosting rather than photo quality. There’s a whole tier of people who cater towards professional photography hosting too, but I don’t know enough about it to bother investigating.
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