Detroit, MI-based distributor Corporate Specialties, an affiliate of Top 40 firm AIA Corporation (asi/109480), announced last week that it has acquired Manhasset, NY-based ColorPre Promotions. Prior to the transaction, ColorPre had been in the process of closing down following the death of its president, Leslie Herzka, who passed away from pancreatic cancer last month.
Financial terms of the deal were not released, but Corporate Specialties will now take over ColorPre’s customer base. The newly-acquired clients represent a number of industries, including restaurant suppliers as well as technology and software companies. Those will complement Corporate Specialties’ book of business that specializes in the property management and dance studio markets in addition to traditional corporate promotional marketing.
“For more than eight years, Leslie and I have been friends, so while I am honored that she had asked me to take over her clients, I’m doing so with great sadness,” said Valerie Hayman Sklar, president of Corporate Specialties. “Leslie and I both value great customer service, and I look forward to taking care of her clients and carrying on her legacy.”
All orders currently in progress from ColorPre will now be processed through Corporate Specialties, which was founded in 1997 by Hayman Sklar. The company received the 2013 AIA Velocity Award that recognizes fastest-growing companies as well as the 2010 and 2011 AIA Advee Award for Best Self-Promotion.