MOSAIC BUYS CORPORATE COMMUNICATIONS COMPANY
By Adnews Staff
Mosaic Group Inc. of Toronto has bought Mariposa Communications Group Inc. for $20 million in cash and shares. Greg Cochrane, Mariposa's chairman and CEO, told Adnews details of the merger have not been worked out yet. He said the companies went ahead with the deal because it allows them to combine their separate specialties in one operation. While Mosaic is known for its in-store promotional and merchandising abilities, Mariposa of Toronto is strictly a corporate communications specialist. Cochrane estimated the combined revenue of the agencies at over $100 million.
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