RR Donnelley to Split Three Ways
Separate entities will house financial communications, publishing, and multichannel communications.
RR Donnelley & Sons has announced that, after a series of strategic acquisitions over the past decade, it will split into three independent, publicly traded companies. One business, FinancialCo, will focus on financial communications and data services; the second, PRSCo, will center on publishing and retail-centric print services, and the third, CMCo, will house customized multichannel communications management.
“We see a significant opportunity to unlock value by allowing these three businesses to pursue their own strategies and invest according to the unique dynamics of their respective industries,” says President and CEO Thomas Quinlan III.
FinancialCo, built of subsidiaries Bowne Financial and Edgar Online, will provide content management, multichannel content distribution, data management and analytics, collaborative workflow, and business reporting tools and translation services.
PRSCo will prepare, produce, and distribute periodicals, catalogs, inserts, books, office products, and directories.
CMCo will offer customized digital and printed communications services, including direct mail, short-run commercial printing, statements, business process outsourcing, supply chain management, logistics, creative design, content management, forms, labels, packaging, and kitting and fulfillment.
According to a release, the restructuring is expected to be completed by the end of 2016. Existing RR Donnelley shareholders will ultimately own shares in all three companies.