Online Retailer Shutterfly Is Buying Eden Prairie-Based Lifetouch For $825M

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By Neal St. Anthony, Star Tribune

“California-based Shutterfly, the big online retailer and manufacturer of personalized photography and related products and services, plans to pay $825 million in c
ash to buy Eden Prairie-based Lifetouch, an employee-owned company and a leader in school photography.

“We’re focused on growing both these businesses,” Shutterfly CEO Chris North said in a visit to Eden Prairie Tuesday. “We’re just now bringing the two teams together. We’re going to bring Shutterfly products to Lifetouch, as well as our cloud-based management system.”

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