Quad/Graphics Inc. is pleased to announce that it has completed the acquisition of the Mexican assets of Transcontinental Inc. following final approval of all required regulatory authorities, including the Mexican Federal Law on Economic Competition.
"We're pleased to advance our interests in Mexico and become the country's leading printer of magazines, retail inserts, catalogs, books and directories," said Joel Quadracci, Quad/Graphics Chairman, President & CEO. "This acquisition supports our strategy to grow profitably in geographies and segments where we can be a market leader through a diverse product offering, and a superior and efficient operating platform. Mexico is a logical place to put down stronger roots. With publishers and marketers - both in Mexico and other parts of the world - eager to reach this emerging market's large and growing population, we have the talent, technology and innovative solutions to help them achieve their business goals through the power of print."
Quad/Graphics now has operations in five Mexican cities: Toluca, Querétaro, Azcapotzalco, Xochimilco and Tlalnepantla. Year 2011 proforma revenues for the combined company are forecasted to be approximately $115 million.