Cadmus Communications Corp., Richmond, VA, is selling its financial printing division to R.R. Donnelley & Sons and its custom publishing business to Pohly & Partners Inc., a Boston-based relationship marketing company. Terms of the transactions, which are expected to be completed in early March, were not disclosed.
Cadmus said the divestitures are a part of its strategy to streamline and focus on the niche markets it sees as its strengths–professional communications, specialty packaging, point of purchase and marketing services.
The sale of the Charlotte-based financial communications business to R.R. Donnelley includes all of Cadmus Financial Communications’ assets and operations connected with the marketing, selling and distributing of mutual fund, shareholder and other SEC-related communication services. The transaction does not include Cadmus’ other Charlotte-based businesses, Specialty Packaging & Promotional Printing and Direct Marketing.
