Financial Woes Rock Quebecor’s World —Michelson

Industry consolidation will continue, but combining large enterprises can create new pitfalls and surely does not guarantee success. It’s been often said that making an M&A transaction is the easy part; the hard part is integrating various operations and melding different cultures, i.e., Quebecor with World Color, on a grand scale. Over these past several years, Quebecor World has been dogged by several inefficient facilities with outdated equipment, labor unrest within its European operations and falling stock prices.