RR Donnelley Awarded $875 Million Multi-Year Print Management Agreement by Houghton Mifflin Harcourt Publishing Company
September 30 2008 - 3:01PM
Business Wire
R.R. Donnelley & Sons Company (NYSE:RRD) and Houghton Mifflin
Harcourt Publishing Company announced today that they have entered
into an $875 million multi-year Print Management agreement. The
agreement expands the previous relationship between the two
companies. Houghton Mifflin Harcourt is a global education provider
and the world�s largest publisher of instructional materials for
pre-K-12 schools. �The Houghton Mifflin Harcourt brands stand for
exceptional quality,� stated Tony Lucki, Chairman and Chief
Executive Officer of Houghton Mifflin Harcourt Publishing Company.
�We selected RR Donnelley for this global Print Management
agreement because of its ability to provide superb quality and to
deliver added value by providing consultative services across the
breadth of the print-related supply chain on a cost effective
basis. This agreement not only draws on RR Donnelley�s global
platform to help us achieve an optimal mix of cost savings and
responsive service, but also represents an important strategic step
in an ongoing transformation that will enable us to meet our
customers� needs with even greater flexibility and efficiency.�
Thomas J. Quinlan III, RR Donnelley�s President and Chief Executive
Officer, said, �We are very pleased to have earned the continuing
trust of Houghton Mifflin Harcourt Publishing Company and to expand
our relationship as we provide a comprehensive print management
solution. The unmatched global production and services resources
that we have built are ideally suited to handling Houghton Mifflin
Harcourt�s varied and complex needs.� About RR Donnelley RR
Donnelley (NYSE: RRD) is the world�s premier full-service provider
of print and related services, including business process
outsourcing. Founded more than 144 years ago, the company provides
products and solutions in commercial printing, direct mail,
financial printing, print fulfillment, labels, forms, 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. About Houghton
Mifflin Harcourt Boston-based Houghton Mifflin Harcourt Publishing
Company is a global education company and the world�s largest
publisher of educational materials for pre-K-12 schools. The
Company publishes a comprehensive set of best-in-class pre-K�12
educational solutions, ranging from research-based textbook
programs to instructional technology to standards-based assessments
for students and educators. The Company also publishes an extensive
line of reference works and award-winning literature for adults and
young readers. With origins dating back to 1832, Houghton Mifflin
Harcourt combines its tradition of excellence with a commitment to
innovation. To learn more about Houghton Mifflin Harcourt, visit
www.hmhpub.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 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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