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tonerKeymasterUSA’s Quad-Graphics Sells European Print Division.
Quad/Graphics is exiting the European print production market by selling its operations on the continent to a private equity firm aiming to become a regional leader in print and integrated marketing solutions.Originally, Quad/Graphics established its European presence in 1998 through a partnership with Polish printer Winkowski. A decade later, it acquired the business and rebranded it as Quad/Graphics Europe. In 2015, it expanded further by acquiring Marin’s International, a point-of-sale specialist, which was rebranded as Quad POS.
Last year, Quad’s European operations reported production sales of $160.2 million (£123.5 million), a decline of $21 million from the previous year.
The company has reached a €41 million (£34 million) agreement to sell its European businesses to Capmont, which specializes in investing in small to mid-sized companies across Europe and currently has no other investments in the printing sector.
The sale includes the 65,800 sqm print manufacturing facility in Wyszków, Poland, Quad POS locations throughout Europe, the Peppermint agency in Warsaw, and all related employees. However, Quad’s shared service employees in Poland who support its integrated marketing platform will not be included in the deal.
Joel Quadracci, president, and CEO of Quad/Graphics emphasized the company’s focus on maintaining top-tier printing operations in regions that best support its evolving marketing services, particularly in North America, where it sees the greatest potential for client value through its integrated marketing platform. He also mentioned plans to continue leveraging strategic partnerships for a seamless global marketing experience.
Henrik Munte, managing director of Capmont, praised the acquired businesses for their exceptional print, point-of-sale, and marketing solutions, crediting their success to a dedicated workforce. He expressed excitement about the collaboration with Quad and the opportunity to support the company’s goal of becoming a European leader in the industry.
Quadracci reiterated that significant investments have been made in European operations, highlighting the state-of-the-art equipment and experienced staff. He is committed to ensuring a smooth transition for employees who will continue to provide high-quality service to clients.
The transaction is expected to close by the end of the year, with Quad planning to use the proceeds to reduce debt and invest in its marketing experience offerings. Last year, Quad/Graphics reported sales of $3 billion and employs over 13,150 people globally, including 1,575 in EMEA. This sale marks the exit of two prominent American printing companies from European manufacturing, following LSC Communications’ sale of its Polish operations to Walstead six years ago.
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AuthorOctober 23, 2024 at 5:19 PM
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