Former Quad/Graphics Plant in Depew Sold for $4.4 Million
An investment group is paying nearly $4.4 million for the former Quad/Graphics printing plant in Depew, with plans to subdivide the massive facility for a collection of manufacturing and distribution tenants. The purchase comes one year after Wisconsin-based Quad/Graphics closed the plant, putting 400 employees out of work.
In April 2011, Quad/Graphics announced that it would close the plant by the end of that year. The company won a reduction in the plant’s assessment earlier this year, from a market value of $9 million to $7 million, and put the property up for sale in January.