RR Donnelley Acquires the Assets of Chilean Web Printer PROSA
January 02 2009 - 3:01PM
Business Wire
R.R. Donnelley & Sons Company (NYSE: RRD) announced today that
it has acquired the assets of PROSA, a Chilean web printing company
located in Santiago, from Copesa (Consorcio Period�stico de Chile)
for a cash consideration of approximately $23.5 million. The
acquisition will enhance RR Donnelley�s Latin American platform and
complement its existing facility in Santiago de Chile. PROSA
produces magazines, catalogs, retail inserts and soft-cover
textbooks. �PROSA fits exactly with each of our criteria for making
acquisitions,� said Thomas J. Quinlan III, RR Donnelley�s President
and Chief Executive Officer. �It adds needed capacity without the
immediate need for capital expenditures, provides important new
customer relationships and opens the door to future synergies as we
blend PROSA with our existing operations in Chile.� With the
addition of PROSA, RR Donnelley will have 15 facilities in Latin
America and the Caribbean, including operations in Argentina,
Brazil, Chile, Mexico and Venezuela. Luiz J. Bring, President of RR
Donnelley�s Latin America business, stated, �PROSA enjoys an
exceptional reputation and will immediately help to create
incremental scale advantages. Its products and services match
exactly with our core expertise and we expect a smooth integration
with our other operations in the region. We look forward to
bringing additional benefits to PROSA�s customers.� 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. 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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