RR Donnelley

Streeter Open to Another CEO Post
March 1, 2007

APPLETON, WI—With her career at Banta Corp. ended by RR Donnelley’s acquisition, former CEO Stephanie Streeter is now focusing her attention on...the 2016 Olympics? The former Stanford women’s basketball standout, speaking here at a CEO breakfast sponsored by an area college, said that she is a member of the evaluation committee for the 2016 summer games, according to the Oshkosh (WI) Northwestern. The International Olympic Committee (IOC) will conduct site evaluation visits in Los Angeles and Chicago, according to the paper, with a final selection slated for April 14. Streeter, who expressed a desire to run another large company, spoke of the whirlwind five-month saga that

Streeter Focusing on Olympics, New Opportunities
February 23, 2007

APPLETON, WI—With her career at Banta Corp. ended by RR Donnelley’s acquisition, former CEO Stephanie Streeter is now focusing her attention on...the 2016 Olympics? The former Stanford women’s basketball standout, speaking Tuesday at a CEO breakfast sponsored by an area college, said that she is a member of the evaluation committee for the 2016 summer games, according to the Oshkosh (WI) Northwestern. The International Olympic Committee (IOC) will conduct site evaluation visits in Los Angeles and Chicago over the next two weeks, according to the paper, with a final selection slated for April 14. Streeter, who expressed a desire to run another large company, spoke of

Donnelley Closes Banta Headquarters
February 1, 2007

MENASHA, WI—Shortly after the completion of its acquisition, RR Donnelley served notice in late January that it is closing the former Banta headquarters here, according to the Milwaukee Journal Sentinel. The shutdown will result in the loss of 85 employees. RR Donnelley notified the Wisconsin Department of Workforce Development of its intention to shutter Menasha, with staff members to be let go beginning March 23, the paper reported. Impacted employees will be offered severance pay, subsidized health insurance and outplacement services. Doug Fitzgerald, senior vice president of marketing for RR Donnelley, declined to comment on the action. Donnelley played the white knight role when the company announced

Donnelley Completes Deal for Perry Judd’s
January 26, 2007

CHICAGO—RR Donnelley has completed its $176 million acquisition of Perry Judd’s, formerly of Waterloo, WI. The deal, first announced December 20, comes on the heels of Donnelley completing its acquisition of Banta Corp. of Menasha, WI.Perry Judd’s ranked 32nd on the 2006 Printing Impressions 400, with sales of $261.5 million. The company was created by…

Donnelley-Banta Deal Completed
January 12, 2007

CHICAGO—RR Donnelley has officially completed its deal for Banta Corp. of Menasha, WI, for $1.3 billion. The deal was originally announced on October 31, 2006.Meanwhile, the merger of Weyerhaeuser’s fine paper and related businesses with Domtar took a step closer to completion. Canada’s Competition Bureau and the U.S. Department of Justice (under Hart-Scott-Rodino review) have…

Donnelley Caps Acquisition Trilogy
January 5, 2007

CHICAGO—If RR Donnelley were a spouse, its other half would seize all credit cards and cut them in half. The venerable Windy City printer is a little lighter in the wallet following a string of acquisitions that started with Banta Corp. in late October, followed by Perry Judd’s shortly before Christmas, and capped off with Tuesday’s announced pickup of Von Hoffmann from Visant Corp. In the latest deal, Donnelley is handing over $412.5 million in cash for Von Hoffmann, which specializes in books and other products for the education, trade and business-to-business catalog segments. Von Hoffmann was an independent printer prior to being rolled up in

’Tis the Season for Serious Dealmaking —Michelson
January 1, 2007

JUST WHEN you thought the landscape had stabilized following the 11th hour acquisition of Banta by RR Donnelley in October for $1.3 billion—thwarting a hostile takeover attempt by Cenveo kingpin Bob Burton to wrest control of Banta—a subsequent flurry of blockbuster M&A deals has sent shockwaves throughout the graphic arts industry. Who would have guessed that North America’s largest printer, RR Donnelley, would extend its reach even further by then swallowing up venerable entities Perry Judd’s for $176 million and Von Hoffmann for $412.5 million, both in all-cash transactions? Or that Cenveo’s Burton would remain undaunted about the big fish (Banta) that got away

PRINTER news
January 1, 2007

Printers Weigh Straight Presses vs. Long Perfectors KENNESAW, GA—More than 50 printers from around the U.S. attended a Heidelberg VIP Event December 5-6 at its Print Media Demonstration Center to see live demos comparing high-speed straight printing vs. long perfecting sheetfed offset presses. The event served as a follow-up to a panel discussion on the topic hosted by Heidelberg during Graph Expo. Following a brief presentation explaining how the job was prepared using Heidelberg’s JDF-based Prinect Printready System 3.0, the same job was run in the demo center on a six-color Speed- master XL 105 with coater in two passes and on a 10-color Speedmaster

RR Donnelley Caps Transactional Trilogy
January 1, 2007

CHICAGO—While it may not have Boardwalk and Park Place, RR Donnelley certainly seems to be building upon its own printing monopoly. After reaching terms last Halloween to buy Banta, the largest printer in North America resumed its holiday shopping a few days before Christmas by signing an agreement to acquire Perry Judd’s, of Waterloo, WI, for $176 million. Donnelley then rang in the new year by plunking down $412.5 million in cash to Visant Corp. for book printer Von Hoffmann. The all-cash acquisition of Von Hoffmann is expected to be completed by the end of the first quarter. Von Hoffmann specializes in books for

UPFRONT
January 1, 2007

Valassis, ADVO Settle, Merge LIVONIA, MI—After several months of acrimony, Valassis and ADVO have decided to patch their differences and merge. The sides have dropped their chancery court case and will move under one roof via a renegotiated $1.2 billion deal, at $33 per share for the outstanding common shares of ADVO stock. The deal is expected to close in the first quarter of 2007. Bowne Buys St Ives Financial NEW YORK—Bowne & Co. is acquiring St Ives Financial, the financial printing division of St Ives plc. Terms of the deal were not revealed. St Ives, which is keeping its annual report printing business, has financial printing