Sussex, Wisconsin, and Burlington, Wisconsin, USA, 04 November 2010 – Quad/Graphics, Inc. (NYSE: QUAD), the second largest provider of print, digital, and related services in North America, today announced it has purchased HGI Company, an award-winning, full-service, multifaceted commercial and specialty products printer.
The acquisition brings together HGI’s expertise in the commercial and specialty products segments with Quad/Graphics’ industry-leading technology and innovation to provide quick-turn, customized, and value-added solutions on a global scale.
HGI, which had been majority owned and led by Craig C. Faust and his team of print industry professionals, will operate as a division of Quad/Graphics. Faust will serve as the division’s president, guiding the profitable growth of commercial products and services, including short-run books, catalogs, and directories; marketing collateral; print-on-demand custom publications; and specialty binding. He also will oversee the advancement of the company’s specialty products offering, such as retail point-of-purchase (POP) displays and materials.
Quad/Graphics is a recognized leader in helping clients capitalize on the advantages of diversifying their print to communicate and connect with their customers. The company also helps clients use their print to successfully connect with other forms of media, such as the Internet, mobile technologies and digital tablets.
Quad/Graphics first entered into a partnership agreement with HGI in February 2010, purchasing a minority interest. Craig C. Faust retained majority ownership.
Quad/Graphics (NYSE: QUAD) is a global provider of print and related multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts and circulars, direct mail products, books and directories. Headquartered in Sussex, Wisconsin (just west of Milwaukee), the company has about 28,000 employees working from approximately 80 locations throughout the United States, Canada, Latin America, and Europe. Annual sales are approximately USD 4.8 billion. As a printing industry innovator, Quad/Graphics (www.QG.com) is redefining the power of print in today’s multimedia world by helping its clients use print as the foundation of multichannel communications strategies to drive their top-line revenues.
About HGI Company
HGI (www.hgicompany.com) is a full-service multi-faceted commercial printing, grand format, binding and distribution corporation comprised of four operating divisions – Hi-Liter Graphics, Plus Digital Print, Inland Graphics and Tempt. HGI produces a wide range of catalogs, publications, books, marketing collateral, and POP materials for some of the country’s largest corporations, agencies, and publishers. State-of-the-art capabilities – combined with flexibility, excellent service, and a commitment to providing value to customers – have differentiated HGI in today’s competitive print markets. HGI Company is headquartered in Burlington, Wisconsin (40 miles southwest of Milwaukee), and employs 245 full-time associates at a number of facilities in Southeast Wisconsin. The company’s 2009 sales were USD 45 million.