Printing Industry News for Canada | RSS |
1 March 2023
R.R. Donnelly Canada Sold for $123 million
CHICAGO—
DATA Communications Management (DCM). announced that it has acquired the Canadian operations of R.R. Donnelley & Sons for a total cash purchase price of CDN $123 million. RRD Canada generated revenue of approximately $250 million in 2022 and has 1,000 employees. The combined company will have a larger presence in Canada with more than $500 million in annual sales. DCM intends to finance 100 percent of the purchase price in cash through fully committed credit facilities from a Canadian Chartered Bank
and Fiera Private Debt. Included in the purchase price, DCM will acquire three sites currently owned by RRD Canada at an implied net value of approximately $30 million. Following closing of the acquisition transaction, DCM intends to enter into a sale and lease-back arrangement for each site. R.R. Donnelly was bought last year by a private equity company. DCM will become the third largest printer in Canada behind Transcontinental and Vistarrint.
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