RR Donnelley Awarded $875 Million Multi-Year Print Management Agreement
Wednesday, October 01, 2008
(September 30, 2008) R.R. Donnelley & Sons Companyand Houghton Mifflin Harcourt Publishing Company announced today that they have entered into an $875 million multi-year Print Management agreement. The agreement expands the previous relationship between the two companies.
Houghton Mifflin Harcourt is a global education provider and the world's largest publisher of instructional materials for pre-K-12 schools.
"The Houghton Mifflin Harcourt brands stand for exceptional quality," stated Tony Lucki, Chairman and Chief Executive Officer of Houghton Mifflin Harcourt Publishing Company. "We selected RR Donnelley for this global Print Management agreement because of its ability to provide superb quality and to deliver added value by providing consultative services across the breadth of the print-related supply chain on a cost effective basis. This agreement not only draws on RR Donnelley's global platform to help us achieve an optimal mix of cost savings and responsive service, but also represents an important strategic step in an ongoing transformation that will enable us to meet our customers' needs with even greater flexibility and efficiency."
Thomas J. Quinlan III, RR Donnelley's President and Chief Executive Officer, said, "We are very pleased to have earned the continuing trust of Houghton Mifflin Harcourt Publishing Company and to expand our relationship as we provide a comprehensive print management solution. The unmatched global production and services resources that we have built are ideally suited to handling Houghton Mifflin Harcourt's varied and complex needs."