RR Donnelley to Acquire Pro Line Printing, Inc.$122 Million All Cash Deal For Privately Held Offset Printer Of Retail Inserts Expands Geographic Reach And Capacity CHICAGO -- R.R. Donnelley & Sons Company (NYSE NYSE See: New York Stock Exchange :RRD RRD R.R. Donnelley RRD Round Robin Database (a system to store and display time-series data) RRD Removable Rigid Disk RRD Rhegmatogenous Retinal Detachment RRD Radio Regulatory Department RRD Regimental Reconnaissance Detachment ) announced today that it entered into a definitive agreement to acquire Pro Line Printing, Inc., a multi-facility, privately held producer of newspaper inserts headquartered in Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to , for a total consideration of $122 million. The all cash deal is subject to customary closing conditions and is expected to be accretive to RR Donnelley's earnings in the first full year of operations. "Pro Line Printing's respected capabilities expand our geographic footprint for offset printed tabloid inserts and even better position us to serve national advertising programs," said Thomas J. Quinlan Reverend Fr. Thomas J. Quinlan (born April 23, 1929) is a Roman Catholic priest of the Richmond diocese. He is the oldest of ten children. Ordained to the presbyterate on May 1, 1958, he was appointed priest at Blessed Sacrament Parish in Alexandria. III, RR Donnelley's President and Chief Executive Officer. "Pro Line Printing provides immediate production capacity as well as the opportunity to leverage our premedia and logistics resources. We expect that this acquisition will also serve to increase utilization at our other facilities." John Paloian, RR Donnelley's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. added, "This is a superb addition to our offset platform. Pro Line Printing's well regarded facilities will combine with our existing offset capabilities in Indiana to serve insert programs across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and to mirror our gravure insert production platform. Customers will quickly benefit from our increased flexibility and we expect to realize immediate selling, procurement, utilization and other synergies." Products Pro Line Printing manufactures are inserted into newspapers, distributed via direct mail and used for in-store circulation. The company has production operations in Arlington, Texas Arlington is a city in Tarrant County, Texas (USA) within the Dallas-Fort Worth-Arlington metropolitan area. According to a U.S Census Bureau release, as of July 1, 2006 Arlington has an estimated population of 367,197. ; Reno, Nevada; Avon, Connecticut and Pineville, North Carolina Pineville is a town in Mecklenburg County, North Carolina located between Charlotte and York County, South Carolina. It is perhaps most famous as the birthplace of James K. Polk, the 11th U.S. president. . About RR Donnelley RR Donnelley (NYSE:RRD) is the world's premier full-service provider of print and related services, including business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in . Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, forms and labels, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, and for RR Donnelley's Corporate Social Responsibility Report, visit the company's web site at http://www.rrdonnelley.com. Use of Forward-Looking Statements This news release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to update or revise any forward-looking statements. |
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