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RRD Responds to Recent Rumors Regarding Its Asia Pacific Business

Company states ‘it is not currently engaged in discussions to sell its printing and packaging business in Asia Pacific.’

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

R.R. Donnelley & Sons Company (RRD) issued the following statement in response to a recent Bloomberg article regarding the potential sale of its Asia Pacific business:

 

“While the company’s practice is to not comment on speculation or market rumors, RRD clarified today that the Company is not currently engaged in discussions to sell its printing and packaging business in Asia Pacific. As management has previously stated, the company is focused on its strategy to advance RRD as a leading provider of marketing and business communications and remains focused on executing its long-term strategic priorities – including strengthening its core business, driving revenue performance and improving its balance sheet. As part of this long-term strategy, RRD continuously reviews its business portfolio and periodically explores opportunities to sell portions of its business to increase stockholder value. At this time, RRD continues to actively invest for growth in its Asia Pacific business. In addition, the Company may consider one or more strategic transactions for any of its businesses in the future.”

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