Phoenix Acquires Moore-Langen from LSC

Phoenix Color Corp., the full-service, full-color printer, has entered into an agreement to acquire the assets of Moore-Langen Printing Company from LSC Communications.

ALJ and Phoenix, a subsidiary of ALJ Regional Holdings, expects to finance the acquisition by amending ALJ's existing term loan with Cerberus Business Finance, selling an aggregate of $1.5 million of ALJ common stock in a private offering to two investors who are unaffiliated with ALJ, and using $1.0 million in proceeds received from the recent stock option exercise by Jess Ravich, Executive Chairman of ALJ. 

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