Quebecor World Shutters UK Plant
MONTREAL—With its court-appointed administrators unable to find a buyer, Quebecor World PLC of Northamptonshire, England, a subsidiary of Quebecor World, shut its doors. The closing left 250 people without jobs. The facility specialized in web offset magazines, catalogs and specialty printed products for advertising campaigns.
On the North American front, Quebecor World announced the signing of new and renewed multi-year agreements with customers across all of its major business groups. The value of the pacts is estimated at more than $75 million annually. They include a three-year deal with marketing services specialist Imagitas for $50 million; a five-year accord to print all nine of Stamats Business Media’s titles and a new deal with consumer hobby and enthusiast publisher F&W Publications to produce four titles.
Quebecor World’s U.S. retail insert and catalog division captured long-term renewals from five customers, valued at more than $55 million a year. Among the customers is pet products giant Petco.