Quad/Graphics Acquires HGI Co.
“We have an incredible opportunity to redefine the industry for the benefit of our clients and our company, and bring value to our shareholders,” Faust said.
Quad/Graphics is a recognized leader in helping clients capitalize on the advantages of diversifying their print to communicate to—and, more importantly, connect with—their customers. The company also helps clients use their print to successfully connect with other forms of media, such as the Internet, mobile technologies and digital tablets.
“Print is strong and we’re continuing to find ways to make it stronger for our customers through data application and other solutions that drive response and revenue,” Quadracci explained. “We are printers and innovators with a clear vision for the future of print, and our acquisition of HGI is very much in keeping with that growth-oriented vision.”
Quad/Graphics first entered into a partnership agreement with HGI in February 2010, purchasing a minority interest. Craig C. Faust retained
Quad/Graphics (NYSE: QUAD) is a global provider of print and related multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts and circulars, direct mail products, books and directories. Headquartered in Sussex, Wis. (just west of Milwaukee), the company has about 28,000 employees working from approximately 80 locations throughout the United States, Canada, Latin America and Europe. Annual sales are approximately $4.8 billion. As a printing industry innovator, Quad/Graphics (www.QG.com) is redefining the power of print in today’s multimedia world by helping its clients use print as the foundation of multichannel communications strategies to drive their top-line revenues.
About HGI Co.
HGI (www.hgicompany.com) is a full-service multi-faceted commercial printing, grand format, binding and distribution corporation comprised of four operating divisions—Hi-Liter Graphics, Plus Digital Print, Inland Graphics and Tempt. HGI produces a wide range of catalogs, publications, books, marketing collateral and POP materials for some of the country’s largest corporations, agencies and publishers. State-of-the-art capabilities—combined with flexibility, excellent service and a commitment to providing value to customers—have differentiated HGI in today’s competitive print markets. HGI Company is headquartered in Burlington, Wisconsin (40 miles southeast of Milwaukee), and employs 245 full-time associates at a number of facilities in Southeast Wisconsin. The company’s 2009 sales were $45 million.