Quad/Graphics will acquire Transcontinental's Mexican operations and sell its Canadian operations to Transcontinental, with the exception of Quad/Graphics' Vancouver, British Columbia, facility.
Transcontinental Inc.
SUSSEX, WI—In the sport of professional baseball, July means—among other things—the celebrated trading deadline. By the 31st of the month, teams deal away or acquire players based upon whether they think their clubs will be competitive and perhaps have a shot at reaching the postseason. Some teams deal away players to cut costs, while others build for the future.
Transcontinental currently operates three facilities in Mexico that are projected to generate approximately $70 million in fiscal 2011 revenues. It will be acquiring seven of Quad/Graphics’ facilities across Canada, which are forecasted to generate approximately $310 million in revenues.
Transcontinental’s revenues increased 1 percent in the second quarter of 2011—from $510.0 million to $514.7 million—primarily due to a number of new contracts. Its adjusted operating income increased 5 percent, from $58.3 million to $61.3 million, representing the eighth consecutive quarter of year-over-year growth
Opportunities abound for printers to leverage electronic alternatives, particularly for clients who want to have multi-channel connectivity with consumers, be it in books, magazines, advertisements, direct mail, etc. In order to appease the masses across numerous platforms, printers need to become adept at as many technologies as possible.
Transcontinental announced it will be closing its Spot Graphics printing plant by the end of December 2011. Effective immediately, 20 employees have left the plant and about 20 remain to handle the book of business. Production will be transferred to Transcontinental PLM in Toronto.
Transcontinental Printing has been selected as the official e-Book solution provider for the Canadian Booksellers Assn. The partnership will empower book retailers to create new revenue streams and bring more titles to market faster, with easy-to-use, intuitive software designed with online bookstores in mind.
Transcontinental will be closing its T.R. Offset printing plant in Trois-Rivières, Quebec, on June 4. Production of the daily paper Le Nouvelliste, the only publication printed at the plant, will be transferred to the new Transcontinental Transmag plant in Montreal, which recently has benefited from more than $60 million in investments.
MONTREAL—Transcontinental will be closing its T.R. Offset printing plant in Trois-Rivières, Quebec on June 4. Production of the daily paper Le Nouvelliste, the only publication printed at the plant, will be transferred to the new Transcontinental Transmag plant in Montreal, which has benefited from more than $60 million in investments over the past two years.
Production of the daily paper Le Nouvelliste, the only publication printed at the plant in Trois-Rivières, Quebec, will be transferred to the new Transcontinental Transmag plant in Montreal. Some 50 employees will be affected by the closure.