Standard Register expects to achieve $1 billion in annual revenue and $40 million in annual savings when the integration of the two companies is complete. The acquisition is expected to deliver value creation benefits immediately from combined sales and operating capabilities and to improve 2013 EBITDA (a non-GAAP measure of earnings before interest, taxes, depreciation and amortization). The Company will go to market under the Standard Register corporate umbrella and will rapidly integrate its operations. WorkflowOne will initially operate as a subsidiary of Standard Register. Joseph P. Morgan, Jr., president and chief executive officer of Standard Register, will lead the combined company. Timothy A. Tatman, former president and chief executive officer of WorkflowOne, will serve in an advisory capacity through the integration.
%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