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RR Donnelley To Buy Grafikom MIL Facility in Canada - Update

RR Donnelley & Sons Co. (RRD), a provider of print and related services, said Thursday it has signed a definitive agreement with RSM Richter Inc., the court-appointed receiver, to buy all equipment assets of Grafikom MIL facility and other selected operations in Canada.

RR Donnelley noted as part of the deal, the company would also acquire chosen printing equipment from other Grafikom plants in Canada to augment its capacities and capabilities in Western Canadian printing platform.

The deal and re-launch, according to RR Donnelley, will complement its existing manufacturing platform and expand its ability to provide coast-to-coast print management services to its customers.

The deal, subject to customary court approval, is expected to close within two weeks.

Grafikom MIL is a privately-held commercial, digital and specialty printing company based in Toronto.

Wednesday, RRD closed at $12.50 on the NYSE.

by RTT Staff Writer

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