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     163  0 Kommentare Quad Completes Divestiture of Its Book Manufacturing Platform

    Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”) today announced that it has sold its two remaining Book manufacturing facilities in Fairfield, Penn., and Martinsburg, W.Va., to Berryville Graphics, a division of Bertelsmann Printing Group USA, a leader in hard cover, mass market, trade and digest books, components and specialty finishing. The transaction closed on October 31, 2020. Quad will use proceeds from the sale to pay down debt.

    With this transaction, Quad has completed the full divestiture of its Book manufacturing platform – part of a previously announced strategic decision to optimize its product portfolio. In July, the company sold its only other book manufacturing facility in Versailles, Ky., to CJK Group, Inc.

    “Quad is pleased to find two great buyers for our Book business, and we thank our employees in our Book plants for their patience and professionalism throughout the entire sale process,” said Joel Quadracci, Chairman, President & CEO of Quad. “We continue our strategic focus on where we can provide the greatest value to our clients, which is through our unique integrated marketing solutions offering. Clients benefit from increased marketing spend effectiveness because of our ability to reduce the complexities of working with multiple agency partners and our process efficiencies. Truly, we are creating a better way for our clients by integrating strategy, creative and execution across all channels.”

    Reinhart Boerner Van Deuren S.C. served as legal advisor to Quad.

    Forward-Looking Statements

    This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company’s future results, financial condition, sales, earnings, free cash flow, margins, objectives, goals, strategies, beliefs, intentions, plans, estimates, prospects, projections and outlook of the Company and can generally be identified by the use of words or phrases such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “foresee,” “project,” “believe,” “continue” or the negatives of these terms, variations on them and other similar expressions. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from those expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company’s expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control.

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    Quad Completes Divestiture of Its Book Manufacturing Platform Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”) today announced that it has sold its two remaining Book manufacturing facilities in Fairfield, Penn., and Martinsburg, W.Va., to Berryville Graphics, a division of Bertelsmann Printing Group …