Donnelley Acquires Spencer Press
CHICAGO—RR Donnelley has signed a definitive agreement to acquire catalog and direct mail specialist Spencer Press of Wells, ME. The deal is expected to close sometime during the fourth quarter.
Spencer Press manufactures, among other things, catalogs, press-pasted booklets, free-standing inserts and self-mailers. Founded in 1940, Spencer Press has more than 400,000 square feet of operating space. It ranked 66th on the Printing Impressions 400 ranking in 2004 with annual sales of $83.5 million.
Obtaining Spencer Press helps complement Donnelley's existing catalog and retail services platform.
"Spencer Press is an ideal fit with RR Donnelley," notes Mark Angelson, CEO of Donnelley. "Adding Spencer Press' respected capabilities will allow us to better serve both organizations' customers, and will create fresh cross-selling opportunities as we leverage our premedia, logistics, direct mail and other capabilities.
"RR Donnelley is uniquely equipped to provide catalog marketers with the broadest array of printed products and related services," he adds.