Quebecor Shuts Plant, Signs Contracts

“Quebecor World PLC sought to find a going concern buyer for the business, but unfortunately it became clear that the focus of interested parties is on the assets of the business,” said Ian Best, one of the administrators, in a statement.

However, Quebecor World announced the signing of new and renewed multi-year agreements with customers across all of its major business groups. The value of the pacts is estimated at more than $75 million annually.