Donnelley Plunks Down $122M for Pro Line
CHICAGO—Don’t tell RR Donnelley there’s a recession on the horizon. 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.
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.