RR Donnelley to acquire European printer
Apr 27, 2005 4:56 PM
RR Donnelley & Sons Co. (Chicago) has signed an agreement to acquire The Astron Group (Huntingdon, England) for approximately $990 million cash. The agreement is subject to regulatory approval and is expected to close this summer.
The Astron Group is a leading provider of transactional print and mail, data management and marketing support services to a blue-chip roster of clients. The company employs more than 4,000 people across 70 locations globally and expects approximately $550 million in 2005 revenue.
Says RR Donnelley CEO Mark A. Angelson, "This broadens our diverse printing and service capabilities in Europe, provides us with a strong operations center in Asia, nearly doubles our size in this segment, and creates an expanded opportunity to sell to existing and new clients."
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