Valpak Direct Marketing Systems, Inc., commonly known as Valpak, is a North American direct marketing company owned by Platinum Equity. Valpak provides print, mobile and online advertising solutions and coupons.
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History
Terry Loebel, an unemployed autoworker, founded Valpak in 1968, using a $500 loan to start mailing coupons from his home to households in Clearwater, Florida. In 1972, Valpak established its first Franchise in Orlando, Florida and by 1982, expanded business into Canada. A group of investors purchased Valpak from Terry Loebel in 1985. In September 1991, Cox Target Media, Inc. purchased Valpak and by 1997, Valpak was mailing out 11 billion coupons a year. In January 2017, Platinum Equity acquired Valpak from Cox Target Media, Inc. Today, Valpak operates nearly 150 franchise offices in the United States and Canada, mailing to nearly 40 million households each month. Annually, Valpak distributes some 20 billion coupons in more than 500 million envelopes and millions more through its mobile app and websites.
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Products
Coupon envelopes
Valpak prints, packages and ships its coupon envelopes from the Valpak Manufacturing Center, a $200-million, 500,000-square-foot print production facility in St. Petersburg, Florida. Print inserts in the envelope advertise businesses with coupons for dining, health and beauty, entertainment, automotive, home services and more.
In each of its mailing cycles, Valpak sells the outside of the envelope to select local and national advertisers, who use on-envelope advertising for promotions, marketing campaigns and sweepstakes. Previous advertisers include Food Network, HGTV, CBS and Martha Stewart Living Omnimedia.
Coupon mobile apps
Valpak launched its mobile coupon app for iPad and iPhone devices in October 2009. Soon after, Valpak launched Android and BlackBerry versions of the mobile app. Valpak integrates its mobile coupons into digital wallet apps Apple Passbook, Google Wallet, Windows Phone Wallet and Samsung Wallet. The Valpak mobile app is free to download and also features augmented reality technology.
Coupon websites
Since 1994, Valpak.com has been a source for printable coupons, promo codes and coupon codes. Today, the coupon company also has a Canadian website, Valpak.ca.
References
External links
- Official website
- Official website Canada
Source of article : Wikipedia
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