RRD Closes Sale of its DLS Worldwide Logistics Business

CHICAGO--(BUSINESS WIRE)--R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”), a leading global provider of marketing and business communications, today announced that it has closed on the previously announced sale of its DLS Worldwide Logistics business (“DLS WW”) to TFI International Inc. (TFI) (NYSE and TSX: TFII).

Dan Knotts, RRD’s President and Chief Executive Officer, stated, “The sale of DLS Worldwide is an important step forward to optimize our business portfolio and improve balance sheet flexibility. The transaction serves to further enhance our strategic focus as a leading global provider of marketing and business communications.” Knotts continued, “I want to thank the DLS Worldwide employees for their support of RRD and wish them well as they join TFI International.”

About RRD

RRD is a leading global provider of multichannel business communications services and marketing solutions. With more than 35,000 employees across 29 countries, RRD offers the industry’s most comprehensive offering of solutions designed to help companies—from Main Street to Wall Street—optimize customer engagement and streamline business operations across the complete customer journey. RRD offers a comprehensive portfolio of capabilities, experience and scale that enables organizations around the world to create, manage, deliver, and optimize their marketing and business communications strategies.

For more information, visit the Company's web site at www.rrd.com.

Use of Forward-Looking Statements

This news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks, and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RRD's filings with the SEC. RRD disclaims any obligation to update or revise any forward-looking statements.