RR Donnelley To Acquire North American Operations Of Esselte - Quick Facts

(RTTNews) - R.R. Donnelley & Sons Company (RRD) and Esselte announced they have signed a definitive agreement by which RR Donnelley will acquire substantially all of the North American operations of Esselte, a privately owned developer and manufacturer of nationally branded and private label office and stationery products. The purchase price includes a combination of cash and up to 1 million shares of RR Donnelley common stock, resulting in a total transaction value of $96.5 million.

Esselte is a global office products company with subsidiaries in 31 countries and distribution in more than 120 countries. The company's products are sold in Europe primarily under the Esselte, Leitz and Rapid brands and in North America primarily under the Pendaflex, Oxford, Xyron, Rapid and Ampad brands.

R.R. Donnelley expects the deal to be both deleveraging and accretive to its earnings per share within 12 months following the closing of the transaction.