Quad/Graphics Acquires Worldcolor

"This is a transformational event for Quad/Graphics, and we’re excited about the opportunities our acquisition of Worldcolor will present our customers, shareholders and employees," said Joel Quadracci, chairman, CEO and president of Quad/Graphics, during an investor call after the announcement.

The combined company boasts aggregate sales of $5.1 billion for the fiscal year ending Sept. 30, 2009. Together, the firm will have nearly 30,000 employees, though that figure is expected to decline during the integration process. The deal, announced Tuesday, is expected to close during the second or third quarter and be accretive to the earnings of the combined enterprise.