MENASHA, Wis. – R.R. Donnelley & Sons Co. will acquire Banta Corp. in a $1.3 billion deal combining two Midwestern printing firms with histories dating back more than a century.
Chicago-based Donnelley said the acquisition will allow it to expand its range of products and services for customers and also enhance its services in magazine, catalog and book printing and in direct marketing.
Banta, based in Menasha, Wis., has operations in Europe and Asia in addition to the United States.
The cash deal is valued at about $1.3 billion, or $36.50 per share after a special dividend of $16 per share already declared by Banta.
