Open Enrollment | Subscribe to Printing Impressions HERE
Connect
Follow us on
Advertisement
 

Quad/Graphics Completes Acquisition of Vertis

January 18, 2013
1
SUSSEX, WI—Quad/Graphics has completed its acquisition of substantially all of the assets of Vertis Holdings for a net purchase price of $170 million. This assumes a purchase price of $267 million less the payment of $97 million for current assets that are in excess of normalized working capital requirements. Quad/Graphics used cash on hand and drew on its revolving credit facility to finance the acquisition.

Quad expects the acquisition of Vertis to strengthen and expand its client offering with an enhanced range of products, services and revenue-generating solutions; expanded industry vertical expertise; increased manufacturing flexibility and distribution efficiencies from an extended geographic footprint; and new opportunities to help clients realize mailing and distribution cost savings from the combined volumes and capabilities of the two companies.

“We are excited about our acquisition of Vertis and the opportunities it brings to advance our business and create value for our clients, employees and shareholders,” said Joel Quadracci, chairman, president and CEO of Quad/Graphics. “We have strengthened our retail ad insert, direct marketing and in-store marketing solutions, and have expanded our support services to include media planning and placement, and marketing services. With more talent and broader solutions, we are better positioned than ever to drive business results for our clients.”

Vertis generated an estimated $1.1 billion in revenues in 2012 and approximately $55 million in annual EBITDA on an unaudited basis, adjusted for restructuring, impairment and other transaction-related expenses. The combined company will employ approximately 25,000 employees from more than 70 print production facilities in North America, Latin America and Europe.
 

Companies Mentioned:

1

COMMENTS

Click here to leave a comment...
Comment *
Most Recent Comments: