Quad/Graphics Acquires HGI Co.
SUSSEX, WI/BURLINGTON, WI—Nov. 4, 2010—Building on the strategic partnership the two companies established earlier this year, Quad/Graphics, Inc. has now purchased HGI Co., a full-service, multi-faceted commercial and specialty products printer. The acquisition brings together HGI’s expertise in the commercial and specialty products segments with Quad/Graphics’ industry-leading technology and innovation to provide quick-turn, customized and value-added solutions on a global scale.
HGI—which had been majority owned and led by Craig C. Faust and his team of print industry professionals—will operate as a division of Quad/Graphics. Faust will serve as the division’s president, guiding the profitable growth of commercial products and services, including short-run books, catalogs and directories; marketing collateral; print-on-demand custom publications; and specialty binding. He will also oversee the advancement of the company’s specialty products offering, including retail point-of-purchase (POP) displays and materials through its Tempt brand.
“HGI is a premier printing company that has earned a stellar reputation for quality, flexibility and reliability,” said Joel Quadracci, chairman, president and CEO of Quad/Graphics. “I look forward to Craig joining my management team and expanding on HGI’s strong commercial and specialty print offering, which includes some of the newest, most advanced equipment anywhere in North America. Our goal is to offer a broader, more complete suite of differentiated products and services that advance our clients’ business goals and help drive Quad/Graphics’ immediate and long-term growth.”
Added Faust: “This acquisition allows us to take short- to medium-run commercial and specialty print to a whole new level to better serve both new and existing clients, and give them the most value for their print spend. Through strategic investments in best-available technology and capabilities, we’ll create the most complete, innovative and cost-effective platform while maintaining the high level of customer service and personal interaction our clients have come to expect.”
Faust emphasized that there are tremendous opportunities to evolve the commercial and specialty printing industry by capitalizing on Quad/Graphics’ advanced 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 with on-site or near-site client service centers coast to coast; 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 Canada and includes strategic locations in Europe and Latin America.