Pollard Banknote Expands Presence in Charity Bingo Games with Acquisition of Clarence J. Venne

Founded in 1962 by the inventor of the bingo dauber, Venne has been a significant player in the bingo market for more than six decades. The company’s products are widely distributed in North America and 23 other countries, making it a significant international player.

Pollard Banknote Executive Vice President of Charitable Gaming, Stephen Finegold, expressed enthusiasm for the deal:

"We are thrilled to welcome the Venne team to our organization and believe it will be a great fit with our existing charity gaming group. The bingo market is an important component of charity gaming, and providing an expanded product offering to existing and new customers is a critical element of our strategic plan. We believe the Venne team will bring valuable years of experience and superior bingo products to the Pollard Charitable Games Group."

Venne owner, Jeff Fisher, also noted the importance of the combination:

"We could not be more excited to join one of the leading providers in the charity gaming space. Our organizations share a similar culture and focus on innovation, and I look forward to the Pollard team expanding the Venne business as it continues to provide superior products and solutions to charities."

The acquisition will be financed through Pollard Banknote's existing cash resources and credit lines, demonstrating the company's financial strength and position for further growth.

The acquisition of Clarence J. Venne by Pollard Banknote represents a strategic move to strengthen its position in the charity bingo market. The combination of the two companies will provide an expanded range of products and services to meet the needs of existing and new customers, and will strengthen Pollard Banknote's leadership in this area.