Quad Consolidates, Sheds 2,200 Jobs

The company expects to garner roughly $225 million in pre-tax net annualized synergies within 24 months of closing on its acquisition of Worldcolor.

“This announcement is a major step in integrating operations and creating the most efficient and modern manufacturing platform in the industry,” said Joel Quadracci, chairman, president and CEO of Quad/Graphics, in a statement. “Through this plan, more clients will benefit from our industry-leading technology and automation, while continuing to receive top-quality, on-time services.”