R. R. Donnelley & Sons Company (NYSE:RRD) today announced that it has entered into a definitive agreement with RSM Richter Inc., acting as the Court-appointed Receiver, to purchase substantially all equipment assets of the Grafikom MIL facility, a well-known producer of high quality marketing and financial printing located in Toronto. Under the terms of the agreement, RR Donnelley will also purchase selected printing equipment from Grafikom elsewhere in Canada which will be used to enhance its existing printing platform in Western Canada. The acquisition agreement is subject to customary court approval and is anticipated to close within 2 weeks. According to Allen Hallis, President of RR Donnelley Canada, �The acquisition and re-launch of the MIL printing facility in Toronto will complement our existing manufacturing platform, enabling us to provide significant added value to our customers and other organizations that have historically been serviced by the MIL operation. Additional printing assets from other Grafikom plants will augment our capacity and capabilities in our Western Canadian manufacturing platform. We will be even better positioned to provide coast-to-coast print management services and to be our customers� first choice for comprehensive print communications.� About RR Donnelley RR Donnelley (NYSE: RRD) is the world�s premier full-service provider of print and related services, including business process outsourcing. Founded more than 144 years ago, the company provides products and solutions in commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley�s scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, and for RR Donnelley's Corporate Social Responsibility Report, visit the company's web site at http://www.rrdonnelley.com. Use of Forward-Looking Statements This news release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to update or revise any forward-looking statements.
Donnelley (R.R.) & Sons Co. (NYSE:RRD.WI)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Donnelley (R.R.) & Sons Co. Charts.
Donnelley (R.R.) & Sons Co. (NYSE:RRD.WI)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Donnelley (R.R.) & Sons Co. Charts.