RR Donnelley Agrees to Acquire Spencer Press, Inc.
Press release from the issuing company
CHICAGO, Oct. 6 -- R.R. Donnelley & Sons Company announced today that it has signed a definitive agreement to acquire Spencer Press, Inc., a privately-owned printing company serving the needs of organizations that market their products through catalogs and other direct mailings. The transaction is expected to close during the fourth quarter.
Based in Wells, Maine, Spencer Press produces a variety of products including catalogs, press-pasted booklets, free-standing inserts and self-mailers. Spencer Press's capabilities will complement RR Donnelley's existing Catalog and Retail Services platform.
"Spencer Press is an ideal fit with RR Donnelley," said Mark A. Angelson, RR Donnelley Chief Executive Officer. "Adding Spencer Press's respected capabilities will allow us better to serve both organizations' customers, and will create fresh cross selling opportunities as we leverage our Premedia, Logistics, direct mail, and other capabilities. RR Donnelley is uniquely equipped to provide catalog marketers with the broadest array of printed products and related services."
"We are pleased to continue delivering on our commitment to enhance our platform," added John R. Paloian, RR Donnelley Group President, Publishing & Retail Services. "Spencer Press is an admired brand whose geographic match with RR Donnelley's catalog resources could not be better. The flexibility provided by the addition of Spencer Press will allow us more quickly to achieve our already announced master plan to expand and refurbish our domestic platform."
"For our customers, access to the vast array of RR Donnelley's capabilities offers exceptional benefits. RR Donnelley's ownership will mean an expanded printing platform that will offer more opportunities," stated Spencer Press Chief Executive Officer Stephen Spenlinhauer. "We are very pleased to become part of RR Donnelley, a company which we have long admired and respected and which enjoys a superb reputation in our segment."
Spencer Press was founded in 1940. Its facility has been expanded since then to encompass over 400,000 square feet.
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