Poteet Printing Systems LLC manufactures and sells water-based inks for Flexographic applications to printersd converters across the United States. The company supports the key Paper & Board applications for corrugated post- and pre-print and digital products, as well as targeted water-based paper packaging print demands. Poteet Printing Systems’ main production facilities are located in Charlotte, North Carolina and Fort Worth, Texas; the business has two additional warehouse locations in North Carolina. The company currently employs 60+ people Doug Aldred, President Flint Group Packaging Inks, says, “We warmly welcome the employees of Poteet Printing Systems as they join the Flint Group Packaging Inks community – we are extremely pleased with this addition to our growing Paper & Board business in North America. “The team at Poteet have built a customer focused and responsive organization, dedicated to client success. This culture of teamwork and customer satisfaction fits perfectly with Flint Group Packaging Inks’ vision and strategy. To continue to foster Poteet’s strong customer relationships, we encourage Poteet’s customers to continue to work with their existing contacts within the Poteet organization.”
R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”) today announced that it has received an unsolicited proposal from Chatham Asset Management, LLC (“Chatham”) to acquire all of the outstanding shares of RRD for $7.50 per share in cash.
Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the RRD Board of Directors will carefully review and consider the Chatham proposal to determine the course of action that it believes is in the best interests of the Company and RRD shareholders. RRD shareholders do not need to take any action at this time.
Centerview Partners LLC is serving as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to RRD.