Quad/Graphics Buys Interest in HGIApril 2010
SUSSEX, WI—HGI Co., a Burlington, WI-based commercial printer, and Quad/Graphics, one of the world's largest catalog, magazine, retail insert and direct mail printers, have entered into a strategic partnership.
Under the agreement, Quad/Graphics will purchase a minority interest in HGI, providing HGI with additional financial resources to continue its investment and product diversification strategy, and to further its goal of enhancing, expanding and replicating its commercial platform across more geographies.
Craig Faust will retain majority ownership of HGI, and will continue to lead the company as its president and CEO.
HGI will leverage and benefit from Quad/Graphics' technology, including a stable of high-speed digital presses, some with in-line finishing capabilities; economies of scale and efficiencies, especially through Quad/Graphics' 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 expects to offer its clients a resource for all their quick-turn commercial printing needs.