RR Donnelley to Close Nashville Plant, Affecting 133 Employees
A notice filed with the Tennessee Department of Labor & Workforce Development indicated that Donnelley's decision will result in the loss of 133 jobs. Donnelley took over the Nashville facility following its acquisition of Toronto-based Moore Wallace Inc. in 2004. Just a few months earlier, Moore Wallace purchased Check Printers Inc., a print provider serving the mortgage and financial service industries, which operated out of the 11-acre property in Nashville, the newspaper said.
An RR Donnelley representative could not be reached for comment.
Last month, RR Donnelley sent a non-binding, unsolicited proposal to Courier Corporation to acquire the company for $23.00 per share in cash or RR Donnelley common stock. The bid followed news of a definitive merger agreement between Courier and global printer Quad/Graphics, under which Quad/Graphics would acquire Courier in a cash and stock transaction. After consulting with its independent legal and financial advisors, Courier's board of directors reasonably determined in good faith that Donnelley's proposal was superior.