Donnelley, Moore Wallace Wrap Up Merger
Moore Wallace and R.R. Donnelley completed their anticipated merger Friday, combining to create an $8 billion-a-year print and logistics powerhouse.With the merger, Donnelley expanded its workforce to 50,000 employees and declared itself "the largest printing company in North America." Its rival Quebecor, which formerly held that claim, has 37,000 employees and $6.4 billion in annual revenue.
"There will be virtually no printing solution a company could require" that the new Donnelley cannot meet, Mark A. Angelson, CEO of R.R. Donnelley, said in a statement.
Donnelley did not report whether it planned to reduce any operations to eliminate redundancies as part of the merger. Though the merged company will use Donnelley's brand, it has drawn most of its management team from Moore Wallace, including Angelson, who was CEO there.
The merger, a stock-for-stock deal, was announced in November. Donnelley received final regulatory approvals for the merger last week.
Moore Wallace was itself born of a merger in May, the combination of Moore Corp. and Wallace Computer Services.
