Publishing services provider
Cadmus Communications Corporation, US, has announced an agreement to acquire LexisNexis' conventional printing operations in Charlottesville, Virginia and its digital printing operations in Conklin, New York. The company has also signed a five-year agreement to produce substantially all of the latter's printing requirements.
Under the deal, nearly all of the approximately 90 employees in Charlottesville and 35 employees in Conklin will move to Cadmus as result of the transaction. However, the deal will not directly impact other LexisNexis operations. In announcing the agreement, LexisNexis noted that it will now be able to concentrate its efforts and investments in areas critical to enhancing its competitive position in the markets it serves.
LexisNexis, part of Reed Elsevier Group plc, is a leading publisher of research collections and reference solutions for libraries worldwide. The firm offers research services to a wide range of professionals in the academic, corporate, legal, government, risk management, law enforcement and accounting sectors.
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