Wallace Merger

MISSISSAUGA, ON—Moore Corp. has completed its acquisition of Wallace Computer Services. Industry analysts estimate that the new company, Moore-Wallace, could generate approximately $3.6 billion in annual revenues and will have more than 18,500 employees worldwide. The combined company expects to generate cost savings of at least $50 million as a result of the merger, according to Moore-Wallace officials. Wallace brings 45 manufacturing facilities; nine distribution and warehousing hubs; and 150 sales locations to the marriage. Moore has 45 production facilities, 14 print fulfillment centers, 23 warehouse hubs and 220 sales locations throughout the world. As a result of the $1.3 billion merger, Moore's trading symbol for shares

STAMFORD,CT—When Moore Corp. CEO Mark Angelson picked up the phone in August of 2002 he knew he had a winner. He informed a Wallace Computer Services director at the other end of the phone, "I'm sitting here and looking at a set of numbers I find so compelling that I think we need to talk about this." Talk they did. The resulting conversations led to a $1.3 billion deal that will merge the two companies into Moore-Wallace. "When we arrived at Moore in 2000, it became clear that a combination with Wallace was compelling, given the right circumstances," explains Angelson, who will head the combined company.