Under terms of a new five-year, multi-million-dollar agreement, Quad will become Hearst's largest print supplier starting in January 2011.
Quad/Graphics
The transaction remains subject to completion of approval under the Investment Canada Act, as well as to the satisfaction of other closing conditions.
MONTREAL—Worldcolor is closing its Dyersburg, TN, facility by the first quarter of 2011, the Dyersburg State Gazette reported. The move will result in the loss of about 668 jobs. The facility provides web offset and rotogravure printing.
The agreement calls for the Quad to prep and print 40 million catalogs annually and adds the production of J. Crew’s standalone title for its crewcuts line of children’s apparel.
Quad plans to install a new Goss Sunday 2000 web press at its newly renovated QuadDirect headquarters in Pewaukee, WI, this summer.
SUSSEX, WI—HGI Co., a Burlington, WI-based commercial printer, and Quad/Graphics, one of the world's largest catalog, magazine, retail insert and direct mail printers, have entered into a strategic partnership to provide clients with an enhanced product and service offering on a global scale that is fast, flexible and meets rapidly evolving needs in a changing marketplace.
Quad/Graphics will purchase a minority interest in HGI, but Craig C. Faust will retain majority ownership of the Burlington, WI-based HGI and will continue to lead the company as its President & CEO.
Commercial printing industry news briefs, including items on Quad/Graphic, Cenveo, Alonzo Printing, Berryville Graphics, Keller-Crescent and more.
In announcing the deal, executives estimated that the combination will result in at least $225 million in annual savings within 24 months.
SUSSEX, WI—Quad/Graphics has inked a multimillion-dollar extension to become the exclusive print provider for all Talbots catalogs. The new contract covers premedia services, printing and distribution of all catalogs annually for Talbots, a leading multi-channel retailer of women's apparel, shoes and accessories based in Hingham, MA.