Quad/Graphics Completes Acquisition of Vertis

SUSSEX, WI—Quad/Graphics has completed its acquisition of substantially all of the assets of Vertis Holdings for a net purchase price of $170 million. This assumes a purchase price of $267 million less the payment of $97 million for current assets that are in excess of normalized working capital requirements. Quad/Graphics used cash on hand and drew on its revolving credit facility to finance the acquisition.