I had the opportunity to speak on the phone yesterday with Yishai Amir, CEO of Landa Corp. and vice chairman of the Landa Group. We discussed Landa’s $505 million sales success at drupa, including its announcement of major wins with companies like Cimpress, Quad/Graphics and Imagine! Print Solutions.
Wednesday night, I watched my daughter, Kristina, graduate from eighth grade. Like every other parent there, I was filled with pride and amazed at how the years have melted away. Seems like only yesterday she was dragging her sippy cup and stuffed dog, named Old School, all around the house. What I missed at the office was a late afternoon missive from the Government Publishing Office (GPO), announcing a $750,000 settlement with Quad/Graphics.
Quad/Graphics Inc. and Baltimore-based Vertis Holdings have announced an agreement through which Quad/Graphics will acquire substantially all of the assets comprising Vertis' businesses for $258.5 million, which includes the payment of approximately $88.5 million for current assets that are in excess of normalized working capital requirements.
Quad/Graphics’ analysts are projecting that annualized co-mail volume will top 4.9 billion pieces in 2011. “We now have more volume, co-mail equipment and capacity than any of our competitors, but the key isn’t just size, it’s our unique co-mail optimization software that analyzes multiple cost components of the process to produce the maximum savings,” says Dave Riebe, Quad/Graphics’ president of Logistics and Distribution.
SUSSEX, WI—Quad/Graphics Inc. will cease production at its Mt. Morris, IL, facility in May as part of its ongoing plan to integrate operations following the company’s July 2, 2010, acquisition of Worldcolor. The closure will impact about 230 employees.
SUSSEX, WI—Quad/Graphics Inc. reported results for its fourth quarter ending Dec. 31, 2010, which reflect the July 2, 2010, acquisition of Worldcolor. For the sake of comparisons, references to pro forma measures assume that the acquisition of Worldcolor was completed on Jan. 1, 2009.