R.R. Donnelley to acquire Perry Judd's

R.R. Donnelley & Sons Co. has signed a definitive agreement to acquire magazine and cataloger printer Perry Judd's Holdings Inc. for $176 million.

Approximately $47 million of the purchase price is earmarked for the company's common stock and the remainder is for the purchase of the company's preferred stock and the assumption of debt.

Privately owned Perry Judd's is headquartered in Waterloo, WI. Its long- and short-run print capabilities for producing consumer and business-to-business catalogs as well as consumer, trade and association magazines are expected to complement RR Donnelley's publishing, catalog and retail services platform.

"Increasing our flexibility with the addition of Perry Judd's respected capabilities will allow us better to serve both organizations' customers and will create immediate cross selling synergies as we leverage our leading premedia, logistics, direct mail and other production and service resources," said RR Donnelley CEO Mark A. Angelson in a statement.

The deal also provides RR Donnelley, Chicago, with a geographic expansion, as Perry Judd's has printing facilities in Baraboo, WI, Spencer, IA, and Strasburg, VA.

In November, Donnelley said it would acquire Banta Corp. for $1.3 billion.