R.R. Donnelley Completes Its 'Trilogy' With Von Hoffman Acquisition

Includes: BN, RRD
by: SA Editors

Specialty printer R.R. Donnelley & Sons Company just announced its third acquisition in a short period -- it will buy educational textbook printer Von Hoffmann.rrd The deal will be for a reported $412.5 million in cash, to be paid to Von Hoffman owner, Visant Corp. R.R. Donnelley's most recent acquisition comes on top of the purchase of magazine and catalog printer Perry Judd's Holdings for $176 million in December and competitor Banta Corp., for $1.3 billion in October. All three deals are expected to close during 1Q'07. R.R. Donnelley CEO Mark A. Angelson said: "This completes our 'trilogy' of transactions designed to offer our print customers greater capacity and flexibility, and further secures our position as the leader in our industry."

• Sources: Press Release, Reuters, TheStreet.com, multichannelmerchant.com
• Related commentary: S&P Maintains R.R. Donnelley Ratings, Why Are Financial Printing Expenses So High?
• Potentially impacted stocks and ETFs: R.R. Donnelley & Sons Company (NASDAQ:RRD), Banta Corporation (BN)

Seeking Alpha's news summaries are combined into a pre-market briefing called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only a few seconds to sign up.