Quad/Graphics Inc. has completed its acquisition of the Mexican assets of Transcontinental Inc. after gaining 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 and chief executive officer. "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, Queretaro, Azcapotzalco, Xochimilco and Tlalnepantla.
"Finalizing this deal represents a significant step toward realizing our goal of creating the most efficient, productive and integrated printing platform in Latin America," said Tony Scaringi, president and general manager of Latin America for Quad/Graphics. "With facilities in Mexico, Argentina, Brazil, Chile, Colombia and Peru, we are better positioned than any other printer to deliver value throughout Latin America."
Quad/Graphics will break ground on a building expansion for paper roll and work-in-process storage at its Toluca facility.
