R. R. Donnelley & Sons Company announced that its Board of Directors has adopted a stockholder rights plan (the “Rights Plan”). The Rights Plan does not prevent any action the Board determines to be in the best interest of the Company and its stockholders. RRD’s Chairman of the Board, John C. Pope, stated: “The Board believes that given current circumstances, it is in the best interests of stockholders that no one person or group acquire undue influence or control through purchases of RRD stock.” Pursuant to the Rights Plan, one preferred stock purchase right will be distributed as a dividend on each share of the Company’s common stock held of record as of the close of business on September 9, 2019.
Reischling Press, Inc. (RPI) a provider of make-on-demand photo books, greeting cards, and business products markets for e-commerce companies, mass retailers, and Fortune 1000 corporations, announced it has acquired the assets of SoftPrint Holdings’ ColorCentric, Picaboo.com, and prInternet business units.
The acquisition accelerates RPI’s ability to deliver expanded services for product builders, increases capacity and reduces delivery times for RPI’s customer base, and continues to expand our geographic distribution footprint, says Rick Bellamy, CEO of RPI.
“This acquisition continues to increase the RPI suite of services beyond ink on paper, through the addition of in-house capabilities for gifting and promotional items such as mugs, canvas and dye sublimation products,” Bellamy says. “It also strengthens our geographic presence into the Northeast, creating transit cost efficiencies and accelerating time-to-home and time-to-business deliveries dramatically.
“With our three U.S. production facilities in Seattle, Atlanta, and Rochester, we will be able to deliver to more than 90% of the U.S. and Canadian populations with two-day ground delivery service.”
ColorCentric provides the print and fulfillment of content for the digital book publishing and photo markets and offers one of the broadest product portfolios with more than 300 unique products in its catalog. The company’s prInternet technology powers personalized print-on-demand manufacturing workflows cost effectively through a network of global printers in Canada, Australia, New Zealand, and the United States.
more at source: https://www.piworld.com/article/rpi-makes-strategic-acquisition-to-expand-services-and-footprint/