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Business

Standard Register buys WorkflowOne

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Dayton-based Standard Register is purchasing another Dayton company, WorkflowOne, in a deal worth $218 million.

Standard Register says it expects to achieve $1 billion in annual revenue and $40 million in annual savings thanks to the deal. A release says WorkFlowOne will initially operate as a subsidiary with its CEO staying on in an advisory role.

The combined company has 4000 employees, including more than 900 in Dayton.