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Quad/Graphics Inc Completes Acquisition Of Vertis Holdings Inc

Wednesday, 16 Jan 2013 01:54pm EST 

Quad/Graphics Inc announced that it has completed its acquisition of substantially all of the assets of Vertis Holdings Inc., for a net purchase price of $170 million. This assumes the purchase price of $267 million less the payment of $97 million for current assets that are in excess of normalized working capital requirements. Quad/Graphics used cash on hand and drew on its revolving credit facility to finance the acquisition. The Company expects the acquisition of Vertis to strengthen and expand its client offering with: An enhanced range of products, services and revenue-generating solutions; Expanded industry vertical expertise; Increased manufacturing flexibility and distribution efficiencies from an extended geographic footprint; and New opportunities to help clients realize mailing and distribution cost-savings from the combined volumes and capabilities of the two companies. 

Company Quote

0.02 +0.09%
26 Dec 2014