NEW YORK -- In a $1.7 billion deal, M &F Worldwide Corp., adiverse global company into everything from candy making to paperchecks, has acquired John H. Harland Company.
|Harland is now a subsidiary of Clarke American, an existingsubsidiary of M&F. Harland and Clarke American have competedfor years, mainly on checks, but also other products. The new unitwill be called Harland Clarke, and will combine Clarke American'scheck printing, contact center services, and direct marketing withHarland's related businesses. Chuck Dawson, Clarke American'scurrent president/CEO, will lead Harland Clarke.
|John O'Malley will continue as president/CEO of HarlandFinancial Solutions, where Harland's Ultradata core processingsystem and other familiar products are offered. Harland's Scantronunit will be led by Jeff Heggedahl, its new CEO.
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