R.R. Donnelley To Split Into Three Companies
R.R. Donnelley & Sons Co., one of the nation’s largest publishers and marketing and communications firms, said it will split into three separate, publicly traded companies in an effort to strengthen its market position and pursue growth.
Shareholders will receive stock in each of the three companies when the spinoffs are completed sometime in 2016, company officials said.
One of the companies will be called Customized Multichannel Communications Management Co. and will include R.R. Donnelley’s supply chain management and logistics services, along with digital and printed communications services, creative design and packaging and fulfillment services.
As a standalone company, CMCo would have trailing net sales of about $7 billion as of June 30, 2015.
The other two companies will be Financial Services Co., which provides financial communications services, and Publishing and Retail-Centric Print Services Co., which produces and distributes periodicals, catalogs, inserts, books, office products and directories.
“We see a significant opportunity to unlock value by allowing these three businesses to pursue their own strategies and invest according to the unique dynamics of their respective industries,” said Thomas Quinlan III, president and CEO of Chicago-based R.R. Donnelley & Sons.