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Jan 19, 2005 - Thomas J. Pritzker, chairman of Marmon Holdings, Inc., today announced that the business of TransUnion LLC has been spun off from The Marmon Group of companies. TransUnion has formed a new board of directors and Penny Pritzker has been appointed chairman of the board of TransUnion Corp., the new parent company of TransUnion LLC.
Since joining The Marmon Group in 1981, TransUnion has grown to become a leading global provider of information-based services, with sales of more than $1 billion. The Marmon Group is an international association of about 100 companies, primarily manufacturers, operating independently within diverse business sectors. Collective revenues exceeded $6 billion in 2004.
TransUnion, in contrast to other Marmon Group business sectors, is a technology-driven, information-based business, Mr. Pritzker noted. "We recognize that the separation of TransUnion will permit management to best achieve its plans and objectives," he added.
"With its outstanding growth over the years, TransUnion is poised to move forward on its own," said Ms. Pritzker.
Harry Gambill, TransUnion president and chief executive officer, said: "The shift to a stand-alone business positions us to continue to pursue our growth plans and execute our strategy." |