RR Donnelley completes acquisition of Esselte's North America business
Staff
CHICAGO -- R. R. Donnelley & Sons Company announced this week that it has completed its previously announced acquisition of substantially all of the North American operations of Esselte, a privately owned developer and manufacturer of nationally branded and private label office and stationery products. The company announced the acquisition back in January, in a cash and stock transaction estimated to be at US $96.5 million. Its well-known brands include Ampad writing and envelope products, Boorum & Pease premium bound books, Oxford index cards and Pendaflex document organization and storage products. Donnelley officials said the addition of Esselte's portfolio would create a more competitive and efficient office products supplier capable of supplying enhanced offerings across the customer base. The completion of the transaction is subject to customary closing conditions, including regulatory approval.
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