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RR Donnelley Awarded $800M Contract by Mcgraw-Hill

Wednesday, February 27, 2008

Press release from the issuing company

CHICAGO – February 26, 2008 -- R.R. Donnelley & Sons Company announced today that it has been awarded an $800 million contract by McGraw-Hill Education, a leading provider of resources that address virtually every aspect of the education market from pre-K through professional learning. The seven year agreement includes a wide range of products including textbooks, workbooks, testing materials, teachers' editions and ancillary products.

Harold McGraw III, Chairman, President and Chief Executive Officer of The McGraw-Hill Companies stated, "McGraw-Hill Education is an innovative, lifelong learning partner to students and teachers alike. We choose suppliers who similarly work in partnership with us to deliver exceptional quality, service and value. RR Donnelley's broad capabilities, continuing investment in new resources and decades long experience in serving our needs make them an excellent fit with McGraw-Hill Education. This multi-year contract will deliver significant cost savings to The McGraw-Hill Companies over the life of the contract."

"We are delighted to have the opportunity to continue and expand this valued, 45 year relationship with McGraw-Hill," said Thomas J. Quinlan III, RR Donnelley's President and Chief Executive Officer. "We have increased the flexibility, geographic reach and service capabilities of our platform. Our financial strength, consistent performance, and continuing ability to develop and offer new capabilities allow us to deliver exceptional value and to build lasting relationships. Our employees are proud to provide important products and services to McGraw-Hill Education."

 

 

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