R.R. Donnelley & Sons Company (RRD) enters into a share purchase agreement with Data Communications Management (DCM), a provider of marketing and business communication solutions. Under the terms of the purchase agreement DCM will acquire RRD’s Canadian operations.
DCM will acquire all the issued and outstanding shares of Moore Canada Corporation, a wholly owned subsidiary of RRD.
“Combining our business with DCM is a strategic opportunity to broaden our existing offering to customers across a variety of industries,” said Rael Fisher, president, RRD Canada. “We look forward to this new chapter in our longstanding history in Canada as part of DCM.”
“This transaction not only brings together two organizations with complementary business models, but it also advances and strengthens RRD’s strategic plan to hone in on its core businesses,” said Tom Quinlan, president and CEO at RRD.
The transaction is expected to close in the second quarter of 2023, subject to the satisfaction of customary closing conditions and receipt of third party and regulatory approvals including those required under Canada’s Competition Act.
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