HGI Co. and Quad/Graphics Enter into Strategic Partnership

BURLINGTON/SUSSEX, WI—March 1, 2010—HGI Co., an award-winning, full-service, multi-faceted commercial printer, and Quad/Graphics, one of the world’s leading catalog, magazine, retail insert and direct mail printers, today announced that they 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.

Under the partnership agreement, Quad/Graphics will purchase a minority interest in HGI, providing HGI with additional financial resources to continue its aggressive investment and product diversification strategy, and to further its goal of enhancing, expanding and replicating its commercial platform across more geographies. Craig C. Faust will retain majority ownership of the Burlington, WI-based HGI and will continue to lead the company as its President & CEO.

Through this partnership, HGI also will build upon its current market diversification, flexibility and range of capabilities to provide unmatched value in the commercial market space. It will capitalize on Quad/Graphics’ industry-leading technology, which includes a stable of high-speed, high-resolution digital presses, some with inline finishing capabilities; economies of scale and efficiencies, especially through Quad/Graphics’ well-established logistics services; comprehensive digital imaging services; extensive data and strategy services for leveraging customer intelligence to create personalized marketing programs; and a substantial geographic footprint, which spans the United States and includes Europe and South America.

Through HGI, Quad/Graphics will be able to offer its clients a reliable, quality-focused resource for all their quick-turn commercial printing needs, including in-store/point-of-purchase (POP) materials; marketing collateral; short-run books, catalogs and directories; print-on-demand custom publications; and specialty binding.

Both entities will share best practices in manufacturing, management, customer service, procurement and more, while creating numerous advantages and opportunities for clients, employees and shareholders.

“The ability for both our companies to leverage resources and industry knowledge in our respective business segments will create one of the most unique and diverse product offerings in today’s print marketplace,” said Craig Faust, President & CEO of HGI Company. “Through this partnership, HGI will be able to make investments that will allow us to execute more quickly on our growth strategy in short- to medium-run length commercial print. We’ll also leverage Quad/Graphics’ cutting-edge technology and capabilities and operational expertise to better serve our clients and give them the most value for their print spend.”

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