Active Quad/Graphics Acquires HGI Co.
SUSSEX, WI—Quad/Graphics Inc. has purchased HGI Co., a full-service, multi-faceted commercial and specialty products printer, building on the strategic partnership the two companies established earlier this year. The acquisition brings together HGI’s expertise in the commercial and specialty products segments with Quad/Graphics’ technology and innovation to provide quick turn, customized and value-added solutions on a global scale.
HGI, the Burlington, WI-based printer that registered early $44 million in sales this year, will operate as a division of Quad/Graphics. Quad had purchased a minority stake in HGI last february, with majority ownership retained by Craig Faust.
Faust will serve as the division’s president, guiding the company's production 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 such as 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."
"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," Faust added. "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."