Standard Register, Dayton, Ohio, announced today that it has acquired WorkflowOne in a transaction valued at $218 million, financed by assuming $210 million of long-term debt and the issuance of warrants with an estimated value of $8 million. The transaction advances Standard Register's revenue position, enhances its product and solutions portfolio, broadens its customer base, improves its cost structure and provides greater financial flexibility and stability.
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%0D%0A%20%20"This%20strategic%20combination%20brings%20together%20two%20companies%20with%20highly%20complementary%20business%20and%20market%20presence%20to%20create%20a%20leading%20player%20in%20workflow,%20communications%20and%20analytics,"%20said%20Joseph%20P.%20Morgan,%20Jr.,%20president%20and%20CEO%20of%20Standard%20Register.%20"The%20acquisition%20of%20WorkflowOne%20increases%20our%20customer%20base%20and%20incremental%20growth%20opportunities.%20It%20also%20provides%20new%20markets%20and%20capabilities%20in%20retail%20and%20promotional%20products%20and%20cross-selling%20opportunities.%20And,%20importantly,%20we%20are%20acquiring%20a%20significant%20pool%20of%20talented%20people%20with%20expertise%20in%20our%20industry%20and%20markets."%0D%0A<%2Fp>%0D%0A
%0D%0A%20%20WorkflowOne,%20also%20based%20in%20Dayton,%20ranked%20number%2010%20on%20Promo%20Marketing's%20list%20of%20the%20Top%2050%20Distributors%20of%202013<%2Fa>.%20The%20company%20reported%20promotional%20product%20sales%20of%20$101%20million%20and%20total%20sales%20over%20$460%20million.%0D%0A<%2Fp>%0D%0A
1 Comment Comments%0D%0A%20%20Check%20back%20with%20Promo%20Marketing%20Headlines%20this%20afternoon%20for%20more%20information%20on%20the%20acquistion.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Farticle%2Fstandard-register-acquires-workflowone%2F" target="_blank" class="email" data-post-id="1301" type="icon_link"> Email Email