Worzalla is investing $12.5 million in new machinery and capital improvements to the company’s headquarters in Stevens Point, Wisconsin, over the course of the next few months. Worzalla’s modernization plan consists of three key components, including building a 50,000 square foot addition to the manufacturing headquarters, a new 8-unit Heidelberg press, and a new Kolbus perfect binder. Due to quicker make-readies, enhanced efficiency and increased reliability, Worzalla says they expect to achieve a significant increase in production levels following full implementation of the modernization plan.
R.R. Donnelley & Sons Company (RRD) (NYSE: RRD), a leading global provider of multichannel solutions for marketing and business communications, today announced the sale of its Courier Services business to TFI International Inc. (TSX and NYSE: TFII), a North American leader in the transportation and logistics industry, for an undisclosed amount. Courier Services, previously part of RRD’s Logistics business, leverages a national network to provide streamlined courier services for clients.
Dan Knotts, RRD’s President and Chief Executive Officer, stated, “The sale of our Courier Services business represents another important step forward as we continue to take decisive actions to optimize our business portfolio and improve our balance sheet flexibility. The transaction enables us to streamline our focus on our strategy as a leading global provider of marketing and business communications.” Knotts continued, “I want to thank the Courier Services employees for their support of RRD and wish them well as they join TFI International.”