Log In | Become a Member | Contact Us

Market Intelligence for Printing and Publishing

Connect on Twitter | Facebook | LinkedIn

Featured:     SGIA EXPO     Production Inkjet     Installations and Placements Tracker

Bowne Buys Rapid Solutions Group from Janus

Thursday, April 10, 2008

Press release from the issuing company

NEW YORK April 09, 2008 -- Bowne & Co., Inc., a leader in shareholder and marketing communications services, today announced it has acquired the digital print business of Rapid Solutions Group (RSG), a subsidiary of Janus Capital Group Inc.

"Rapid Solutions Group is a great strategic fit for us," said David J. Shea, Chairman and CEO of Bowne. "Like Bowne, RSG collaborates closely with its clients to develop customized communication solutions that offer long-term growth and repeat business. The addition of RSG's digital print resources and blue chip client base will help us address emerging industry trends, and capture recurring revenue streams that aren't tied to activity in the capital markets."

With annual revenue of approximately $45 million, RSG Digital is an end-to-end provider of marketing and business communications solutions for clients in the financial services and healthcare industries, enabling Bowne to further expand its presence in those verticals. The purchase price of this transaction was $14.5 million.

"As a leader in shareholder and marketing communications, Bowne provides great opportunities for our clients in the rapidly expanding, personalized communications marketplace," said Bob Robichaud, CEO of RSG. "Bowne's strategic direction and resources combined with the RSG tradition of innovation are a perfect fit."

With facilities in Chicago and Melville, New York, RSG's digital print business will be integrated into Bowne's existing distributive print network, which includes digital and offset printing, binding, mail services and fulfillment capabilities. As a result, the Company believes it will realize significant synergies and achieve improved utilization of RSG's resources.




Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2018 WhatTheyThink. All Rights Reserved