Reynolds and Reynolds completes Crain-Drummond acquisition.DAYTON, Ohio--(BUSINESS WIRE)--July 2, 1997--The Reynolds and Reynolds Company (NYSE NYSE See: New York Stock Exchange :REY REY Religious Education for Youth ) today announced it has completed the purchase of all shares of Crain-Drummond Incorporated. Headquartered in Boucherville, Quebec, Crain-Drummond is a leading Canadian provider of business document outsourcing, document management and work process optimization Process optimization is the practice of making changes or adjustments to a process, to get results. Optimization is the use of specific techniques to determine the most cost effective and efficient solution to a problem or design for a process. services, with 1996 sales of approximately C$182 (US $131.0 million at current exchange rate). The company provides electronic and printed business documents, document analysis and management services, pressure-sensitive labels and labeling systems, workflow automation See workflow. and digital printing services. Crain-Drummond was a wholly-owned subsidiary of UARCO Incorporated, which is a subsidiary of Settsu Corporation of Osaka, Japan. The company will continue to operate under the name Crain-Drummond. Reynolds and Reynolds is a leading provider of integrated information management solutions to value-seeking customers in the general business, automotive and healthcare markets. Headquartered in Dayton, Ohio Dayton is a city in southwestern Ohio, United States. It is the county seat and largest city of Montgomery County. As of the 2005 census estimate, the population of Dayton was 158,873. , Reynolds has a presence across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. In fiscal 1996, Reynolds reported revenues of US$1.1 billion. For more information on Reynolds and Reynolds, visit the company's world wide web site on http://www.reyrey.com . NOTE TO EDITORS: There is an "at" symbol before each "reyrey.com" below. Those symbols may not appear properly in some systems. CONTACT; Reynolds and Reynolds, Dayton News Media: Paul Guthrie, 937/485-4216 paul_guthrie@reyrey.com Investors: Mitch Haws, 937/485-4460 mitch_haws@reyrey.com |
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