Krupp/Taylor USA has been purchased for an...

Krupp/Taylor USA has been purchased for an undisclosed amount of stock and cash by Chicago-based Foote, Cone & Belding Communications. Krupp/Taylor, a Los Angeles firm that ranks as one of the largest independent direct response agencies in the nation, posted annual revenue of $40 million and was ranked 10th in billings in the U.S. last year. The 20-year-old firm will continue to operate under its current name. Top management, along with all 300 employees, will remain with the firm, said Norman W. Brown, chairman and chief executive of Foote, Cone & Belding.