Quad/Graphics Inc. announced it has completed the previously announced sale of its Canadian operations to Transcontinental Inc.
Sussex-based Quad/Graphics entered into a definitive agreement with Transcontinental on July 12, 2011, to essentially exchange its Canadian assets (with the exception of its Vancouver, B.C., facility, which was not part of the transaction) for Transcontinental's Mexican assets.
Quad/Graphics completed the acquisition of the Mexican assets on Sept. 8, 2011, and, since then has been proceeding with its integration plans, which are advancing as originally anticipated.
Joel Quadracci, chairman, president and chief executive officer of Quad/Graphics, said, "The acquisition has been well received by our customer base in Mexico and we are confident that we will see market growth and additional opportunities to further expand our presence there. As previously announced, we expect this acquisition to provide solid synergy opportunities and position us to achieve our platform, earnings and market-leadership objectives."