Sussex, Wisconsin, USA, 02 July 2010 – Quad/Graphics, Inc. is pleased to announce that its acquisition of World Color Press Inc. is complete. The closing follows overwhelming approval by shareholders of both companies and final court approval.
“This is a defining moment in our company’s history and for the future of our industry,” said Joel Quadracci, chairman, president, and CEO of Quad/Graphics. “We believe in the power of print in a multichannel media world, and we now have more talent, technology, and solutions in more places to better serve our clients well into the future.”
The “New Quad” offers a broader variety of product types and revenue-generating solutions, an enhanced manufacturing platform that makes available Quad/Graphics’ industry-leading technology and automation to the combined platform, and an expanded geographic footprint and customer service presence. In addition, the company will realize significant mailing and distribution efficiencies, and offer clients improved speed-to-market and product integrity for U.S. Postal Service-delivered products and volume-driven postage savings through programs such as co-mailing.
Based on proforma unaudited revenues of both companies for the 12 months ending 31 March 2010, the newly expanded Quad/Graphics has sales of USD 4.8 billion. It has approximately 28,000 employees working from more than 80 facilities in North America, Latin America, and Europe. Quad/Graphics is now the second-largest provider of print and related multichannel solutions in the Americas.
“Today, the New Quad is off to a running start in our quest to redefine print and transform the printing industry,” Quadracci said. “We have a comprehensive plan designed to smoothly integrate the two companies’ operations while ensuring that our customers continue to receive top-quality, on-time services. We are keenly focused on achieving the synergies that make this transaction so compelling for our shareholders. However, our plans don’t stop there. We expect to advance all aspects of our business through technology and innovation,” he said.
“Quad/Graphics has had five months to plan this integration and is better prepared than any team with which I've been associated over the years,” stated Mark Angelson, former chairman and CEO of Worldcolor, who continues on with Quad/Graphics as a member of the board of directors.
As part of this transaction, Quad/Graphics will enter a new era as a publicly traded company. Quad/Graphics’ class A common stock will be listed on the New York Stock Exchange (NYSE) under the symbol QUAD, starting on 06 July 2010.
Quad/Graphics (www.QG.com) 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 approximately 28,000 employees working from more than 80 locations throughout the United States, Canada, Latin America, and Europe. As a printing industry innovator, Quad/Graphics 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.