Transcontinental to Acquire Canadian Assets of Quad/Graphics and to Sell its Mexican Assets
Quad/Graphics Chairman, President & CEO Joel Quadracci said: "Our agreement with Transcontinental is compelling for many reasons. We have long recognized the high-growth potential in Mexico where we already have operations. This acquisition supports our strategy to grow profitably in geographies and segments where we can be a market leader through a diverse product offering, and a superior and efficient operating platform. To drive growth in the highly competitive Canadian marketplace would have required a substantial capital investment. Overall, Mexico is a more-compelling long-term value creation opportunity for us compared to Canada, and through this acquisition we expect to achieve solid synergies and realize our platform, earnings and market-leadership objectives."