Business & Tech
Quad One Step Closer to Selling Canadian Operations
The Sussex company traded most of its Canadian assets for ones in Mexico.
Quad/Graphics Inc. announced Tuesday that it's been authorized by Canada’s Competition Bureau to complete the sale of its Canadian operations to Transcontinental Inc.
The company expects to close the transaction in the next several weeks.
Quad/Graphics entered into a definitive agreement with Transcontinental on July 13, 2011, to essentially exchange its Canadian assets (with the exception of its Vancouver, B.C., facility, which was not part of the original transaction) for Transcontinental’s Mexican assets and a portion of Transcontinental’s book printing business.
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Quad/Graphics completed the acquisition of the Mexican assets and the book printing business on September 8, 2011.
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