Moore Corporation and Wallace Computer Services, Inc. announce merger

Moore Corporation Limited and Wallace Computer Services, Inc. have announced the signing of a definitive merger agreement to form one of the largest providers of print management solutions in the world. The combined company, to be named Moore Wallace, would become one of the world's largest integrated providers of commercial print, direct mail, outsourced customer communications, forms, labels, fulfillment and distribution services. The merger is subject to approval by Wallace shareholders and regulatory approvals.
When the merger is completed, the company will have approximately US$3.6 billion in annual revenues and over 18,500 employees worldwide. The company expects to generate synergy savings of at least US$50 million on an annualized basis from asset rationalization, elimination of redundant overhead and duplicate IT expenditures, procurement savings and the opportunity to leverage a more comprehensive product offering to a broader customer base.
Moore operates in three complementary business segments: Forms and Labels, Outsourcing and Commercial. The Forms and Labels business designs, manufactures and sells paper-based and electronic business forms and labels and provides electronic print management solutions.
Wallace is among the largest label converters in the United States, specializing in all narrow web print technologies, including flexo and UV flexo, letterpress, Screen, Combination printing. The company runs seven label converting plants.