Moore Completes Acquisition Of The Nielsen Company
Press release from the issuing company
TORONTO & STAMFORD, Conn.--Jan. 31, 2002--Robert G. Burton, President and Chief Executive Officer of Moore Corporation Limited reports that the company has completed the purchase of privately held The Nielsen Company. As one of the largest commercial printers in the Midwestern and Southeastern United States, Nielsen had revenues of approximately $90 million in 2001. The transaction is expected to be accretive to earnings and terms were not disclosed.
Nielsen operates from three state-of-the-art facilities located in Florence, KY; Raleigh-Durham, NC; and Cincinnati, OH. The 730-employee company has a reputation as a customer-focused quality-driven organization with a successful 75-year operating history. Specializing in producing high quality commercial print, Nielsen's product line includes annual reports, brochures, catalogs, pharmaceutical inserts, and marketing and promotional material. Nielsen's premiere customer base includes numerous Fortune 500 companies in the consumer products, pharmaceutical and financial services industries.
Mr. Burton stated:
"The completion of the Nielsen acquisition provides Moore with a platform to offer a commercial print capability to our customers while also providing Nielsen's existing customers with the opportunity to benefit from Moore's core products and services. I look forward to a swift integration of Nielsen and I want to personally welcome all Nielsen employees to the Moore family. I look forward to discussing this acquisition as well as our fourth quarter and full year 2001 results and 2002 outlook with investors on our February 14, 2002 conference call.''
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