Pollard Banknote Announces the Acquisition of Clarence J. Venne

Pollard Banknote Limited announced that it has signed a definitive agreement to purchase 100% of the business of Clarence J. Venne LLC (Venne), a leading manufacturer of bingo markers utilised primarily in the charitable gaming bingo market.

For over 60 years, Clarence J. Venne LLC has manufactured the world’s finest and most innovative line of bingo markers (also known as dabbers or daubers). Venne’s products are sold in every bingo market throughout North America, as well as in 23 foreign countries. The founder and namesake of the company, the inventor of the bingo dauber, instilled a culture of company pride, product innovation and customer-first principles that have endured throughout the last six decades since Venne’s founding in 1962.

“We are very excited about bringing the Venne team into our organization and believe it will be a great combination with our existing charitable games group. The bingo market is an important component of charitable 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 brings valuable years of expertise and superior bingo products to the Pollard Charitable Games Group. Venne will be a key addition in helping us remain a leader in this space and we are honoured they have chosen to join us,” John Pollard, Co‐Chief Executive Officer of Pollard Banknote, said.

Advertisement

Steven Fingold, EVP of Charitable Gaming at Pollard Banknote, said: “Venne has long been the industry leader in bingo daubers and we’re thrilled to have them join our charitable games group. With their expertise and deep understanding of the bingo market, together we’ll be able to provide attractive options to distributors and retail customers to expand and grow their bingo operations. This acquisition further illustrates Pollard Banknote’s ongoing dedication to the charitable gaming market and our commitment to expanding our leadership role through both organic growth and acquisitions.”

Jeff Fischer, owner of Venne, said: “We could not be happier to join one of the leading suppliers in the charitable gaming space. Our organizations share a similar culture and focus on innovation, and I look forward to seeing Pollard’s team expand Venne’s business as it continues to provide excellent products and solutions for charitable organizations.”