RR Donnelley Snaps Up Pro Line
CHICAGO—After a brief lull in the M&A theater, RR Donnelley has returned with a big bang. The Windy City-based printing giant shelled out $122 million to acquire Irving, TX-based Pro Line Printing, a privately held producer of newspaper inserts. The all-cash deal is subject to customary closing conditions.
In addition to its headquarters, Pro Line Printing has facilities in Arlington, TX; Reno, NV; Avon, CT; and Pineville, NC. It also produces direct mail and in-store circulation products.
“Pro Line Printing’s respected capabilities expand our geographic footprint for offset printed tabloid inserts and even better positions us to serve national advertising programs,” according to Tom Quinlan, RR Donnelley president and CEO. “Pro Line provides immediate production capacity, as well as the opportunity to leverage our premedia and logistics resources. We expect that this acquisition will also serve to increase utilization at our other facilities.”
In other company news, Donnelley has been awarded a seven-year, $800 million contract by McGraw-Hill Education to produce textbooks, workbooks, testing materials, teachers’ editions and ancillary products.