Marc Reisch

Quebecor World, the Montreal-based magazine, book, catalog, direct mail, directory, magazine and retail insert printer. has experienced a roller coaster of fortunes in 2008—bankruptcy, a new leader, new accounts, lost accounts, done deals gone sour, financing misfires and triumphs, shuttered facilities, lost jobs, and now...a new hope.

NEW YORK—Kohlberg Kravis Roberts & Co. (KKR) and DLJ Merchant Banking Partners, an affiliate of Credit Suisse First Boston's Alternative Capital Division (DLJMBP), announced a series of transactions with an aggregate value of approximately $2.2 billion that will create a unique specialty printing and marketing services enterprise under the leadership of Marc Reisch. The transactions encompass the recapitalization of Jostens and the acquisitions of Von Hoffmann Corp. and Arcade Marketing, all three companies currently owned by DLJMBP. Reisch is currently a senior advisor of KKR and chairman of Yellow Pages Group, Canada's largest telephone directories publisher. He formerly served as the chairman and CEO of

The best thing about 2002 is that it's over. A stagnant economy, massive worker layoffs, corporate accounting scandals, fear over chemical and biological warfare—enough to make a newborn want to crawl back into the womb. No one's rushing to pop the bubbly; the toast is "Here's to a better 2003," not "Happy days are here again." And, like the world around us, the printing industry is suffering through depressed sales and earnings, plant closings and staff reductions, cutbacks in capital expenditure plans, as well as personnel changes in the board rooms at North America's largest companies. As 2002 drew to a close,

The best thing about 2002 is that it's over. A stagnant economy, massive worker layoffs, corporate accounting scandals, fear over chemical and biological warfare—enough to make a newborn want to crawl back into the womb. No one's rushing to pop the bubbly; the toast is "Here's to a better 2003," not "Happy days are here again." And, like the world around us, the printing industry is suffering through depressed sales and earnings, plant closings and staff reductions, cutbacks in capital expenditure plans, as well as personnel changes in the board rooms at North America's largest companies. As 2002 drew to a close, executive

BY ERIK CAGLE Integration is defined as forming into a whole, uniting or incorporating into a larger unit. See: Quebecor World. It is difficult to put the merger of Quebecor Printing and World Color Press into perspective. The M&A shocker that ushered out 1999 has resulted in the largest commercial printing (et al) conglomerate in North America—the largest in the world. When the final receipts for 2000 were tallied, Quebecor World stood at $6.5 billion in sales. Only R.R. Donnelley & Sons, at $5 billion, was remotely close. The difference between the two could form a company that would rank eighth on the Printing

GREENWICH, CT—Following weeks of industry speculation, Quebecor Printing and World Color Press signed a definitive merger agreement in which Quebecor will acquire all stock in the US $2.7 billion industry giant based here. The acquisition is reportedly the largest in the history of the printing industry. Officials say the new combined company, to be known as Quebecor World Inc., will be the largest commercial printer in the world, serving customers in magazines, catalogs, books, retail inserts and circulars, and specialty/direct mail printing. Quebecor Printing will pay approximately US $840 million in cash, representing US $35.69 per share, and will also assume the debt of

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