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BOSTON Canadian firm Cossette Communication Group has acquired an 80 percent interest in PainePR, said the company.
“The acquisition of PainePR continues our U.S. growth strategy,” said Claude Lessard, chairman and CEO of Cossette, Quebec City, Canada, who noted the majority acquisition follows the firm’s acquisitions of Post & Partners in 2001 and Tarsitano Creative in 2003, among others.
Cossette acquired the stake for an undisclosed sum.
PainePR has about 50 staffers and offices in New York and Los Angeles, San Francisco and Orange County, Calif.
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