From Company release.
Quad/Graphics Inc., the largest privately held printer in the US, will acquire Montreal based, World Color Press Inc. for an estimated $1.4 billion. The deal will close in the summer when the expanded Quad/Graphics will become the 2nd largest commercial printer in the US behind RR Donnelley & Sons Co. Worldcolor shareholders will own 40% and Quad/Graphics shareholders 60%. Quad/Graphics CEO Joel Quadracci, age 41, will lead the combined entity as chairman, president and CEO. Worldcolor’s CEO, Mark Angelson will be named to the board and oversee the integration. Worldcolor prints magazines like Sports Illustrated, Rolling Stone, The Crate & Barrel catalog and Yellow Book Directories. Quad/Graphics’ clients include Newsweek, GQ and the LL Bean Catalog. In the 12 months through Sept, their combined revenue was $5.1 billion.
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2 comments:
I assume any deal in the printing sector is a good deal(for the seller) - but I have not been successful in researching the metric and financials for this transaction. Can anyone point me in the correct direction?
Anyone care to forecast who might be next?
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