Transcontinental to Acquire Canadian Assets of Quad/Graphics and to Sell its Mexican Assets
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More specifically, Transcontinental will be acquiring seven of Quad/Graphics' facilities across Canada (3 in Ontario, 2 in Quebec, 1 in Alberta and 1 in Nova Scotia), including six printing plants and one premedia facility. These operations employ 1,500 people and are forecasted to generate approximately US$310 million of revenues in fiscal 2011. Conversely, Transcontinental will be divesting its Mexican assets which consist of 900 employees in three facilities and are forecasted to generate C$67 million in revenues in fiscal 2011. Transcontinental will also be transferring its black and white book printing business, destined for U.S. export, which represents approximately C$25 million in revenues.
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- Companies:
- Quad/Graphics Inc.
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