Joel Quadracci: Rival Industry Giants Quad/Graphics, RR Donnelley Not Looking to Get Hitched

RR Donnelley and Quad/Graphics, the United States two largest printing companies, apparently have their sights set on gobbling up more competitors—but not each other. Quad's CEO, Joel Quadracci, was caught off guard on Tuesday by a question from a Goldman Sachs analyst at the end of Quad's quarterly earnings conference call.

"I’d kind of love to hear your thoughts on potential regulatory pushback or maybe lack thereof on a tie-up between your company and your biggest competitor," said Fred Krom. Quadracci at first thought the question was about Courier Corp., which Quad recently planned to acquire until Donnelley stepped in with a higher offer.