As part of the voluntary filing, the Dayton-based company also signed a $275 million agreement to be acquired by an affiliate of Silver Point Capital L. P. "The company believes that this sale will right-size the business' balance sheet by significantly reducing its outstanding indebtedness and other liabilities to better position the business for long-term growth and profitability in the hands of a capable buyer," the company said in a statement. Standard Register - which provides document management as well as business and marketing communication products and services - is one of the few remaining public companies in the region.
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