News Byte: R.R. Donnelley to Acquire Consolidated Graphics
Donnelley adds Consolidated.
What is it? R. R. Donnelley & Sons Company and Consolidated Graphics Inc. have signed a definitive agreement for integrated communications company R.R. Donnelley to acquire Consolidated Graphics, which provides digital and commercial printing, fulfillment services, and print management solutions. The transaction value is approximately $620 million, plus the assumption of Consolidated Graphics' net debt, according to a statement.
WIIFM? According to Consolidated Graphics Chairman and CEO Joe R. Davis, customers will benefit from the flexibility of the two companies' wide range of printing capabilities, as well as their combined geographic footprint, yet focus on local service.
Who's Talking? “Consolidated Graphics is an exceptional fit with RR Donnelley and we are delighted to welcome them to our organization,” Thomas J. Quinlan III, RR Donnelley's president and CEO, said in a statement. “This strategic combination will…further enhance our ability to provide integrated communications solutions for our valued clients across all industry verticals.”