Once the term sheet is secured, notes Jacques Mallette, president and CEO of Quebecor World, it generally takes three to four months to exit bankruptcy protection.
Barring any bumps in the road—mindful that the company has to deal with reorganizational laws in two countries—Mallette anticipates term sheet approval by the conclusion of 2008. The end is near, and so is the beginning. A new name, fresh logo, bold identity and a refocused mission statement will usher in a new era and a possible return to greatness for North America’s second largest printing conglomerate. Along with organic growth, the company that expanded through acquisition will one day soon be active on the M&A landscape and perhaps add to its stable of 100 facilities and 24,000 employees.