PLEASANTON, Calif.,
Dec. 15, 2017 /PRNewswire/ --
Blackhawk Network Holdings, Inc. today announced that it has
entered into an agreement to sell the Grass Roots Meetings &
Events business to BCD Meetings and Events (BCD M&E) for a
purchase price of approximately $30.3
million US dollars.
Talbott Roche, Blackhawk CEO and
president, commented, "Under Blackhawk's management, Grass Roots
Meetings & Events has made great progress in driving revenue
growth and earnings, and this is reflected in the selling price
achieved. As previously announced, we are divesting Grass Roots
Meetings & Events, which will allow Blackhawk to focus on its core business. We
are pleased with the outcome and believe that Grass Roots Meetings
& Events has found the right partner to bring the business to
the next stage of development."
About Blackhawk Network
Blackhawk Network Holdings,
Inc. (NASDAQ: HAWK) is a global financial technology company and a
leader in connecting brands and people through branded value
solutions. Blackhawk platforms and
solutions enable the management of stored value products,
promotions and rewards programs in retail, ecommerce, financial
services and mobile wallets. Blackhawk's Hawk Commerce division
offers technology solutions to businesses and direct to consumers.
The Hawk Incentives division offers enterprise, SMB and
reseller partners an array of platforms and branded value products
to incent and reward consumers, employees and sales channels.
Headquartered in Pleasanton,
Calif., Blackhawk operates
in 26 countries. For more information, please
visit blackhawknetwork.com, hawkcommerce.com, hawkincentives.com or
our product
websites giftcards.com, giftcardmall.com, cardpool.com, giftcardlab.com and omnicard.com.
About BCD Meetings and Events
BCD Meetings &
Events, a trusted, award-winning global meetings & events
agency, helps companies design and execute meetings and events
through strategic solutions, innovation and the power of
imagination. BCD Meetings & Events employs more than 1,100
passionate, creative employees that believe in the power of human
connection. Headquartered in Chicago with locations in more than 50
countries, BCD Meetings & Events offers customers solutions
ranging from event design and execution to full strategic meetings
management programs. BCD Meetings & Events is an
independently-managed operating company of BCD Group and a sister
organization of BCD Travel. For more information, visit
www.bcdme.com.
CONTACT:
Courtney
Brunkow
Courtney@fletchergroupllc.com
303-717-9575
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SOURCE Blackhawk Network Holdings, Inc.