Donnelley Takes on $1B in Debt to Buy UK-based Print and Production CompanyR.R. Donnelley & Sons Company, Chicago, yesterday completed a $1 billion debt offering to fund its purchase of The Astron Group, a United Kingdom-based print and production company.
The debt offering will fund the purchase price as well as repay the existing debts of The Astron Group. The total cost of the acquisition, which was announced April 18, is $990 million.
The Astron Group, which provides transactional print and mail services, data and print management, document production and marketing support, has more than 4,000 employees in 70 locations worldwide. It has projected revenues of $550 million in 2005.
Scott Hovanyetz covers telemarketing, production and printing and direct response TV marketing for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters