Quad/Graphics Reports Flat Sales, Details Plant Closures

“We continue to be confident that we'll achieve the $225 million in synergy savings on an annual run-rate basis within 24 months of closing the Worldcolor acquisition,” Fowler added. “As we move aggressively to close plants, we have begun to realize the anticipated, nonrecurring frictional costs associated with ramping down the plants slated for closure while simultaneously ramping up the facilities to where the work is moving. We expect these frictional costs to be completed by the time we finish the integration.”