"Innovative technology is the key driver of change in our industry, and it has allowed us to differentiate ourselves as a leading integrated communications services provider," commented Ken O'Brien, RR Donnelley's Chief Information Officer. "Innovation is critical for our customers, so it is especially gratifying to be included as a leading technology innovator in the InformationWeek Elite 100." With a global patent portfolio of over 700 patents in areas such as print and digital imaging, RR Donnelley continues to develop and deliver innovative communication solutions that merge print and digital for optimized communications. Among the RR Donnelley technology innovations considered in the evaluation were printed electronics, radio frequency identification tags, mobile barcodes, augmented reality and high-speed digital color personalized printing.
TC Transcontinental (TSX: TCL.A TCL.B) is confirming today that it has completed the sale of its paper and woven polypropylene packaging operations to Hood Packaging Corporation, as announced in a press release on November 27, 2019. The closing of this transaction enables the Corporation to reduce its net indebtedness ratio to approximately 2.0x and gives it the flexibility needed to continue its transformation through targeted acquisitions.
Hood Packaging Corporation, a wholly owned subsidiary of Hood Companies, Inc., acquires the following paper packaging operations and buildings of TC Transcontinental: Transcontinental Sibley, Iowa; Transcontinental Hanford, California; Transcontinental Hazleton, Pennsylvania; and Transcontinental Tifton, Georgia. In addition, Hood Packaging Corporation acquires the paper and woven polypropylene packaging operations at the Transcontinental Spartanburg, South Carolina plant.