InnerWorkings, Inc. announced that the company has received significant new work from two of its long-term clients. These new wins will add approximately $20 million of annualized revenue for the company at full run rate, bringing the total awarded to $105 million through the first eight months of 2018. One of the new expansions comes from one of the world’s largest producers in the beer, wine, and spirits vertical, a client that InnerWorkings has been supporting for more than 10 years. The legacy solutions primarily involve luxury packaging in Europe and point-of-sale materials throughout Latin America. The new contract announced today is for their largest market, the United States, as well as Canada, and covers a broad range of marketing materials, including point of sale, value-added packaging, and promotional items. The other expansion announced today is with one of the world’s leading manufacturers of consumer goods, specializing in cleaning products. InnerWorkings has been supporting this client since 2014, managing promotional items and printed marketing collateral in the United States and Canada. The new contract expands the relationship to include permanent retail displays. Click Read More below for additional information.
Canadian bargain book wholesaler Book Depot has acquired children’s publisher Kidsbooks. Based in Chicago, Kidsbooks focuses on the publication of activity books, board books, sound books, cloth books, and novelty books, and has a backlist of about 1,000 titles. Kidsbooks founder and previous CEO Dan Blau will stay on as a consultant for the next nine months to help with the transition.
“In speaking with Dan about Kidsbooks, it was evident from the start that we share the same passion for quality children’s products. We both agree that learning should be fun,” Book Depot CEO Wilf Wikkerink said in a prepared statement. “Kidsbooks also offers us the opportunity to add a great brand to our current publishing portfolio.”
This is Book Depot’s second purchase of a book publisher, as last year, it acquired the intellectual property of Rainstorm Publishing. Kidsbooks will remain in Chicago and will be run as a standalone company. Greg Sizelove, business development director of Book Depot, has been named president of Kidsbooks. Other new members of the management team are Link Dyrdahl, former managing director of Rainstorm, who has been named creative director, and publishing veteran Claire Payne, who has been named sales director.
Sizelove told PW Book Depot is open to making additional acquisitions. “We are open to all possibilities in the market, for we have the team and resources to explore them as they arise,” he said.