Mergers and acquisitions

Chatham Asset Management has finally completed its acquisition of R.R. Donnelley, with affiliates of Chatham acquiring the business for $10.85 (£8.10) per share in cash.

RR Donnelley’s stockholders have approved the company’s planned sale to Chatham Asset Management.

Paper manufacturer Fedrigoni has pressed on with its M&A activity in the self-adhesives products sector after acquiring Spanish business Divipa.

RR Donnelley said the sale of its business to Chatham Asset Management could close as soon as next week.

Avery Dennison has acquired technology developer TexTrace to enable it to innovate and drive adoption within the apparel sector and unlock opportunities in non-apparel segments.

C&T Matrix has acquired a majority stake in Clear Group in a move that will expand its portfolio and strengthen its global distribution reach.

Micropress has added a print management wing with the acquisition of Callimedia.

Paragon Group has expanded its digital services offering with the acquisition of digital product development agency Reason.

Precision Proco Group (PPG) has acquired the trade finishing arm of Cliftons Bookbinders and taken delivery of an HP Indigo 100K at its Dagenham site.

The unnamed "strategic buyer" that made an unsolicited non-binding bid to acquire RR Donnelley for $11.50 (£8.48) per share in cash has withdrawn its offer.