NEW YORK, Aug. 2, 2013 (GLOBE NEWSWIRE) -- AlixPartners, the global business advisory firm, today confirmed it has been retained by Standard Register (NYSE:SR), headquartered in Dayton, Ohio, to perform integration support in Standard Register's acquisition of WorkflowOne, LLC.
This work, which has already begun, includes assisting in the development and execution of a wide-ranging integration model designed to enable the combined entity to leverage the strengths and capabilities of each company. Working with company management, AlixPartners will provide support including the design of a top-level organization model, functional-integration plans and initiatives to ensure customers benefit from the combined product and service offerings of Standard Register and WorkflowOne. In addition to the goal of creating a company stronger and more competitive than the sum of its parts, the integration will be designed to yield synergies that will strengthen the company's operating and financial metrics.
"Anyone who knows Standard Register knows that 'service,' 'transformation' and 'innovation' are three important watchwords at our company, and with AlixPartners providing assistance, those principals will guide us through this integration with WorkflowOne as well," said Joseph P. Morgan, Jr., president and chief executive officer of Standard Register. "AlixPartners is deeply experienced in company integrations, and has a long history of achieving great synergies and impressive transformations -- but always in a balanced way – a way that provides the maximum good for the company and its customers."
Said Keith Gillespie, managing director at AlixPartners and leader of the team working at Standard Register: "Standard Register and WorkflowOne bring a rich heritage of service and innovation to the print management industry. Not only will the combined company be one of the largest companies in its industry, it will bring products, services and solutions to the full benefit of its customers. We are excited to be supporting such an important industry combination."
AlixPartners, LLP is a global business advisory firm offering comprehensive services in four major areas: enterprise improvement, turnaround and restructuring, financial advisory services and information management services. Founded in 1981, the firm has offices around the world, and can be found on the Web at www.alixpartners.com.
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