Quad/Graphics to Close Two Printing Plants
SUSSEX, WI—Oct. 17, 2011—Quad/Graphics Inc. will cease production at its Richmond, VA, and Stillwater, OK, facilities as part of its ongoing plan to integrate operations following the company’s acquisition of Worldcolor.
“Today’s announcement is another step in our 24-month journey to integrate operations of the combined companies, which will further enhance the efficiency and overall competitiveness of our manufacturing platform,” said Joel Quadracci, Quad/Graphics chairman, president and CEO. “We remain steadfast in our commitment to take the necessary actions that will move our business forward, create value for our clients and shareholders, and build long-term stability and success for our employees.”
The Richmond plant encompasses approximately 225,000 square feet and currently employs approximately 125 people. It will run at full production until it closes in December 2011.
Approximately 240 people at the nearly 350,000-square-foot Stillwater plant. It will begin stepping down operations in December 2011 and cease production in May 2012.
Customer work at both plants will be consolidated into other Quad/Graphics facilities.
The company will proactively assist impacted employees in finding new jobs, including those available at other Quad/Graphics locations.
“As we move forward with this complex integration, we always remember that our decisions affect people’s lives,” Quadracci said. “We value the talents and contributions of the employees impacted by today’s announcement, and we will help them with their career transition.”
Quad/Graphics (NYSE: QUAD) is a global provider of print and related multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts/circulars, direct mail, books, directories, and commercial and specialty products, including in-store signage. Headquartered in Sussex, Wis. (just west of Milwaukee), the Company has approximately 24,000 full-time equivalent employees working from more than 60 print-production facilities as well as other support locations throughout the United States, Canada, Latin America and Europe.