Transcontinental to Acquire Canadian Assets of Quad/Graphics and to Sell its Mexican Assets
(Press Release) Montreal, July 13, 2011 – Transcontinental Inc. and Quad/Graphics Inc. have entered into a definitive agreement pursuant to which Transcontinental will indirectly acquire all the shares of Quad Graphics Canada Inc. In a separate transaction, Transcontinental has also reached an agreement to sell its Mexican operations as well as transfer its black and white book printing business, destined for U.S. export, to Quad/Graphics. The definitive agreement has been approved by the Boards of Directors of both Transcontinental and Quad/Graphics. The transactions are subject to obtaining regulatory clearances, including under the Canadian Competition Act and the Mexican Federal Law on Economic Competition. Essentially, these transactions represent an exchange of assets. Both transactions are expected to close in the fall.
- Companies:
- Quad/Graphics Inc.