RR Donnelley To Acquire Financial Printing Business From Canadian Bank Note Company
20 September 2006 - 9:30PM
PR Newswire (US)
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. DATASOURCE: R. R. Donnelley & Sons
Company CONTACT: Media, Doug Fitzgerald, Senior Vice President
Marketing & Communications, +1-630-322-6830, , or Investors,
Dan Leib, Vice President, Investor Relations, +1-312-326-7710, Web
site: http://www.rrdonnelley.com/
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