RR Donnelley Completes Purchase of Grafikom MIL Operation and Other Selected Assets in Canada
December 11 2008 - 6:30AM
Business Wire
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.
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