MONTREAL—After reviewing its business plan and long-term strategic objectives, Transcontinental Inc. announced that it is selling its Canadian book printing assets—namely its Transcontinental Gagné printing plant in Louiseville and Transcontinental Métrolitho printing plant in Sherbrooke—to Marquis Book Printing, of Cap-Saint-Ignace, which specializes in book printing.
After reviewing its business plan and long-term strategic objectives, Transcontinental Inc. announced that it is selling its book printing assets, namely Transcontinental Gagné in Louiseville and Transcontinental Métrolitho in Sherbrooke, to Marquis Book Printing, in Cap-Saint-Ignace, which specializes in book printing.
Transcontinental Inc. would appear to have plenty of things going for it. It spins off lots of cash, has a solid balance sheet and regularly raises its dividend. What’s more, the company recently closed an acquisition that cemented its status as Canada’s largest commercial printer.
So you’d think Transcontinental’s stock would be climbing, right? Nope, it’s getting clobbered—to the point that some analysts say it’s a bargain.
In the past three months, shares of the Montreal-based printer and publisher have plunged about 26 percent, hitting lows not seen since the financial crisis of 2008-09.
“We see no rush to buy this stock,”
MONTREAL—Transcontinental Inc. announced that, since January, it has renewed and expanded six multiyear agreements valued at more than C$1.5 billion in revenues with major Canadian retail customers in the food, hardware, consumer goods and pharmaceutical verticals.
Transcontinental Inc. increased its revenues by 6 percent in the second quarter, from $498.7 million to $529.4 million, driven primarily by the acquisition of Quad/Graphics Canada.
Transcontinental Inc. announced that, since January, it has renewed and expanded six multiyear agreements valued at more than $1.5 billion in revenues with major Canadian retail customers in the food, hardware, consumer goods and pharmaceutical verticals.
RIPON, WI—Andy Lyke, president of Ripon Printers, has been named the 2012 recipient of the Harry V. Quadracci VISION Award, the Web Offset Association and Printing Industries of America announced. Lyke will be honored during the Offset & Beyond Conference to be held June 4-6 at the Hyatt Regency St. Louis at The Arch in St. Louis.
Commercial printer equipment installations and other news from Printing Impressions’ April 2012 edition, featuring Source One Digital, O'Neil Data Systems and Lew A. Cummings Co.
Shortly after the deal closed, TC Transcontinental announced that two of the six Canadian facilities it recently acquired from Quad/Graphics would be closed and another folded into an existing plant. The measure is part of the company's reorganization and rationalization of assets, a move that will see about 500 employees impacted.
Commercial printer company and personnel news from Printing Impressions’ April 2012 edition.
