RR Donnelley & Sons Company (Chicago) has reached an agreement to acquire
Banta Corp. (Menasha, Wis.), a provider of printing, supply-chain management and related services. The cash deal is valued at around $1.3 billion. The agreement has been unanimously approved by the boards of directors of both companies and is expected to close in the first quarter of 2007.
The addition of Banta will reportedly enable RR Donnelley to expand the range of products and services it offers customers, while at the same time enhancing its services to the magazine, catalog, book and direct marketing segments. Banta has annual revenues of approximately $1.5 billion and provides printing and digital imaging solutions to publishers and direct marketers, including digital content management and e-business services. Banta also provides a range of procurement management and other outsourcing capabilities to the large technology companies.
John Paloian, R.R. Donnelley group president, publishing & retail services, said, "Our publishing, catalog and direct marketing customers, in particular, will benefit from combined resources that will allow us to craft even more innovative and responsive solutions. From digital prepress capabilities through sophisticated logistics, our enhanced flexibility will allow us to address our customers' needs more quickly for cost-effective and compelling communications."