On March 1, 2012, the Company completed the sale of its Canadian business to Transcontinental. Quad/Graphics entered into a definitive agreement with Transcontinental on July 12, 2011, to essentially exchange its Canadian assets for Transcontinental's Mexican assets. “We are pleased with our integration progress in Mexico, which we continue to believe is a promising growth market,” Quadracci said.
Additionally, during the first quarter the Company announced a strategic partnership with Manipal Technologies Ltd. (ManipalTech), one of India's largest print services and end-to-end business solutions providers. Under the agreement, Quad/Graphics purchased a minority interest in ManipalTech, expanding Quad/Graphics' geographic reach to Asia, and broadening its product and service scope. Said Quadracci: “We are enthusiastic about our new partnership with ManipalTech, a rapidly growing, forward-thinking company, and believe that together we can create value in the region's fast-growing economy.”
First Quarter Conference Call
Quad/Graphics (NYSE: QUAD) will hold a conference call at 10 a.m. ET / 9 a.m. CT on Thursday, May 10, to discuss first quarter 2012 results. To access the conference call, it is recommended that you listen via computer at: http://us.meeting-stream.com/quadgraphics_051012/.If for any reason you are unable to stream, you can listen to the audio via the telephone by calling:
- Toll-Free: (877) 217 - 9946 (US/Canada)
- Toll: (702) 696 - 4824 (International)
- Conference ID: 60651944