Friday, November 09, 2018

Quad/Graphics acquiring LSC Communications


Quad/Graphics and LSC Communications announced Oct. 31 that their boards of directors have approved a deal to have Wisconsin-based Quad acquire LSC Communications in an all-stock transaction valued at approximately $1.4 billion, including the refinancing of LSC Communications’ debt. 
As of September 30, the combined company would have had annual revenue of approximately $8 billion.
The transaction is expected to close in mid-2019.
Quad’s Joel Quadracci will be the chairman, president and CEO of the combined company.
“This is a defining moment in Quad’s 47-year journey,” Quadracci said. “We have grown from a printer with a single facility to a global marketing solutions provider with a seamless, integrated offering that creates more value for all our stakeholders at a time of significant media disruption. Together with LSC Communications, we will create a compelling combination of talent, expertise and client technology to further fuel our Quad 3.0 marketing solutions transformation and strengthen the role of print — a proven and trusted media form in today’s multichannel world.”
“Since becoming a standalone public company at the end of 2016, LSC Communications has added critical scale, capabilities and technologies,” said Thomas J. Quinlan III, chairman and CEO of Chicago-based LSC Communications. “We have done so through acquisitions and divestitures as we work to strengthen our position as a leading innovator in print and multichannel logistics. We are now taking the next major step in our evolution.”

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