Donnelley Closes Banta Headquarters
MENASHA, WI—Shortly after the completion of its acquisition, RR Donnelley served notice in late January that it is closing the former Banta headquarters here, according to the Milwaukee Journal Sentinel. The shutdown will result in the loss of 85 employees.
RR Donnelley notified the Wisconsin Department of Workforce Development of its intention to shutter Menasha, with staff members to be let go beginning March 23, the paper reported. Impacted employees will be offered severance pay, subsidized health insurance and outplacement services.
Doug Fitzgerald, senior vice president of marketing for RR Donnelley, declined to comment on the action.
Donnelley played the white knight role when the company announced it would acquire Banta last October 31 for $1.3 billion. The offer nudged past the offer made by Cenveo, which withdrew its hostile bid attempt earlier that day.