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Quad/Graphics Inc., which became the nation’s second-largest commercial printer through an acquisition last year, on Tuesday announced the closure of its facility in Mount Morris, Ill.
The Mount Morris plant encompasses approximately 644,000 square feet and employs about 230 people. Customer work will be consolidated at other facilities. Get the full story »
Printing services firm RR Donnelley & Sons posted better-than-expected quarterly profit as it reported an increase in volumes of logistics services and printing, but continued to struggle with pricing pressure and acquisition-related costs.
The company posted a fourth-quarter net income of $27 million, or 13 cents a share, attributable to common shareholders, compared with a net loss of $79.5 million, or 39 cents a share a year ago. Get the full story »
R. R. Donnelley & Sons Co. said it has been told by the Federal Trade Commission that the agency’s investigation of the Chicago-based company’s proposed acquisition of Bowne & Co. has been closed and that it plans no further action.
The companies say they soon expect to complete the $481 million deal, which was announced in February.
Donnelley is a communications company founded 146 years ago. Based in New York, Bowne’s business lines include preparing and filing regulatory and shareholder communications online and in print.
byerak@tribune.com
R.R. Donnelley & Sons Co. said its third-quarter earnings rose more than quadrupled, as the printing company took smaller charges for restructuring and other special items. The company reported net income of $53.3 million, or 25 cents a diluted share, compared with $13.1 million, or 6 cents a diluted share, a year ago. The quarter included charges totaling $48.7 million, down from $131.7 million a year earlier. Get the full story »
