Deluxe Completes Acquisition of Ascent Businesses

One Big Four post-production company takes over businesses of another

Last Updated: December 31, 2010 @ 10:28 AM

One Big Four post-production company has taken over several businesses of another.

Deluxe Entertainment Services Group Inc. announced Friday it had acquired Ascent Media Corporation's creative services and media services businesses, including Company 3, Beast, Method, Rushes, Encore Hollywood and Level 3 Post.  

Also Read: Post-Production's Big Four

"In the coming weeks and months, Deluxe will be advising customers on the new service offerings," said Cyril Drabinsky, president and CEO of Deluxe.  "We look forward to providing our customers with the best that the combined companies and teams of talented employees have to offer."

Ascent is a publicly traded holding company based in Santa Monica. Deluxe was aquired in 2006 for an estimated $750 million by MacAndrews and Forbes Holdings, led by businessman Ron Perelman.

Ascent shares were up .03 cents — .077 percent — to $39.15 in midday trading Friday.