Workflow Management to Acquire The Relizon Company
Greenwich, Connecticut-based Workflow Management, parent company of WorkflowOne, one of North America's largest providers of printing and promotional products, recently annouced that it has signed an agreement to acquire Dayton, Ohio-based The Relizon Company, a North American supplier of business process solutions for document outsourcing, billing and marketing. Upon the completion of the acquisition, WorkflowOne and The Relizon Company will be worth more than $1 billion in the North American document management solution market, with significantly increased client-focused capabilities. In addition, more than 5,000 employees and 25,000 combined clients from both companies will benefit from a broader portfolio of products and services.
"The acquisition of The Relizon Company combines the strengths of both organizations and our clients will continue to receive outstanding service from a progressive company with even greater resources in production, sourcing and logistics," said Greg Mosher, chairman and CEO of Workflow Management and WorkflowOne. "We look forward to exploring new ways to make our clients' business practices easier and more efficient."
"The two companies share a passion for driving measurable returns for clients by developing innovative solutions and effective sourcing," said Rodney Hedeen, The Relizon Company's president and CEO. "The acquisition creates a powerful new enterprise, with even greater expertise to help clients optimize their supply chain."
Both The Relizon Company and WorkflowOne will leverage their respective strengths to provide clients with an extensive range of offerings with stronger capabilities; increased buying power in print, promotional products and related products and services; greater expertise in analyses, creative services, marketing, fulfillment, commercial print and promotional products; a wide North American presence in manufacturing, warehousing and distribution; a large workforce strategically located across North America; and a flexible technology platform for streamlined supply management.
The terms of the agreement have not been disclosed. The closing of the transaction is subject to satisfaction of customary closing conditions and receipt of all necessary regulatory approvals, which is expected to occur in October.