RR Donnelley (RRD) Announces Sale of International Mail and Parcel Business to ePost Global LLC
CHICAGO (News release) -- ePost Global LLC, a tech-enabled global shipping solutions provider, announced it entered into a definitive agreement to acquire the International Mail and Parcel Logistics Business ("International Logistics") from R.R. Donnelley & Sons Company (RRD). ePost Global will continue to provide cost-effective, global delivery solutions to its clients.
As a postal-qualified wholesaler, ePost Global will continue to maintain its long-standing partnerships with international logistics customers and vendors, unlocking deep discounts and solidifying relationships with global industry contacts. ePost Global anticipates no disruption to ongoing operations as it utilizes emerging technology to compete in the logistics industry.
"We are excited to grow our global footprint," said Kapil Kalokhe, Vice President of Corporate Development & Strategy at ePost Global. "This acquisition will allow us to utilize our technology expertise to bring unique innovation to the international logistics industry and to enable U.S. based companies to seamlessly expand their customer base to global markets."
First Midwest Bank is providing the acquisition financing and the transaction is expected to close by year end.