CHICAGO, Ill., Sept. 20 /PRNewswire-FirstCall/ -- R. R. Donnelley &
Sons Company (NYSE: RRD) has signed a definitive agreement to acquire
Canadian Bank Note Company's financial printing assets and operations that
include service facilities in Toronto and Montreal. The all-cash deal is
expected to close in September.
"Our Canadian and global clients will be delighted by this important
expansion of our presence in Canada," said Tom Juhase, President of RR
Donnelley's Financial Services business. "Canadian Bank Note's regulatory
expertise and experience will enhance RR Donnelley's comprehensive
resources and worldwide reputation for outstanding service."
"We believe that this transaction will be very beneficial to the
domestic and cross-border capital markets communities in Canada as they
gain direct access to RR Donnelley's complete global capabilities," said
Dan McNeil, who serves as Vice President of Sales for Canadian Bank Note
Company and who will be joining RR Donnelley at the closing. "Our clients
will benefit from the industry's leading composition network, virtual data
rooms to support transactional deals, electronic solutions that include
XBRL filing alternatives, and access to client education opportunities and
resources."
"This acquisition gives us a strong and immediate geographic presence
in Canada's fast growing business and financial sectors," added Jons Besch,
Senior Vice President, RR Donnelley Global Capital Markets. "As an industry
leader in financial print and compliance solutions for the capital markets
and investment fund industries, we quickly will create value for our
clients."
RR Donnelley's Financial Services business comprises a network that
serves the world's financial centers across 42 countries on 6 continents.
RR Donnelley is a leader in compliance filings in Asia, Europe and the US,
with a transactional track record that includes many of the world's biggest
and most complex mergers, acquisitions, equity and debt offerings, and
IPOs.
RR Donnelley, the largest provider of printing and related services in
North America, has a strong manufacturing presence across Canada through
its merger with Moore Wallace in 2004. RR Donnelley has been recognized for
its commitment to sound environmental practices and has achieved Forest
Stewardship Council Certification for all of its US and Canadian print
production facilities. Its Global Capital Markets business has passed the
rigorous Type II audit of SAS 70.
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 140 years ago, the company provides 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, visit the company's web site at http://www.rrdonnelley.com.
About Canadian Bank Note Company, Limited
Canadian Bank Note Company, Limited supplies printed products and
related issuing and control systems in four business areas: Lottery,
Identification, Payment and Shareholder Services. The Company has extensive
manufacturing operations for printing currency, passports, visas, lottery
tickets, postage and related products, as well as the production of
hardware devices such as passport and card readers and lottery terminals.
In addition, the Company has a large complement of engineers for designing
software systems. Products, services and systems are now marketed in more
than 40 countries.
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.
SOURCE R. R. Donnelley & Sons Company
 back to top
Related links:
http://www.rrdonnelley.com
CONTACT:
Media, Doug Fitzgerald, Senior Vice President
Marketing & Communications, +1-630-322-6830,
doug.fitzgerald@rrd.com, or Investors, Dan Leib, Vice President,
Investor Relations, +1-312-326-7710, dan.leib@rrd.com
|
