Bowne Will Buy Digital Print Business From Rapid Solutions Group for $14.5 Million

NEW YORK (AP) -- Bowne & Co., which provides marketing and business communications services, said Wednesday it bought Rapid Solutions Group's digital print business for $14.5 million.

The New York-based company said RSG Digital gets about $45 million in annual revenue. It said the buyout will expand its presence in the financial and health care industries, where RSG Digital offers marketing and business communications services.

RSG Digital, which has facilities in Chicago and Melville, N.Y., was previously owned by asset manager Janus Capital Group Inc. Bowne said it will make the company part of its print network.

Bowne shares closed at $15.63 on Wednesday. Janus shares edged up 1 cent in aftermarket trading, to $25.10.