SOURCE: Bowne & Co., Inc.

July 01, 2008 18:25 ET

Bowne Completes Acquisition of Capital Systems, Inc.

NEW YORK, NY--(Marketwire - July 1, 2008) - Bowne & Co., Inc. (NYSE: BNE), a leader in shareholder and marketing communications services, today announced it has completed the acquisition of the US-based assets and operating business of Capital Systems, Inc. ("Capital"), a leading provider of financial communications based in midtown Manhattan. Bowne acquired Capital for approximately $13 million. This transaction, which was originally announced on June 26, 2008, is expected to be accretive to the Company's 2008 results.

Capital specializes in the creation, filing and distribution of time-sensitive financial communications by providing complete document production services, including composition, filing, printing, distribution and electronic access. With 2007 revenue of approximately $48 million, Capital enables Bowne to further extend its reach into its key existing verticals: investment management, compliance reporting and capital markets services. Capital provides mutual fund quarterly and annual reporting and disclosure documents, such as SEC filings, proxies and 10-Ks, as well as capital markets services for equity offerings, debt deals, securitizations, and mergers and acquisitions.

As a result of this transaction, Bowne is gaining an office in midtown Manhattan in addition to its current facility in lower Manhattan, and expects to expand its leadership position in the New York market.

About Bowne & Co., Inc.

Bowne & Co., Inc. (NYSE: BNE) provides shareholder and marketing communications services around the world. Dealmakers rely on Bowne to handle critical transactional communications with speed and accuracy. Compliance professionals turn to Bowne to prepare and file regulatory and shareholder communications online and in print. Marketers look to Bowne to create and distribute customized, one-to-one communications on demand. With 3,800 employees in 60 offices around the globe, Bowne has met the ever-changing demands of its clients for more than 230 years. For more information, please visit www.bowne.com.

Contact Information

  • Investor Relations Contact:
    John J. Walker
    SVP & Chief Financial Officer
    212-658-5804
    john.walker@bowne.com

    Media Contact:
    Pamela Blum
    Corporate Communications Manager
    212-658-5884
    pamela.blum@bowne.com

    Bowne & Co., Inc.
    55 Water Street
    New York, NY 10041
    212/924-5500