Quad completes sale of its European operations to Capmont

Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), a marketing experience (MX) company, today announced that it has completed the previously announced sale of its European operations for €41 million (approximately $42 million, of which $14 million was received at close) to Germany-based entrepreneurial private capital investment manager Capmont GmbH (“Capmont”).

The transaction includes all employees and facilities for Quad/Graphics Europe print and ink-manufacturing headquartered in Wyszków, Poland; the Peppermint agency in Warsaw, Poland; and Quad POS (including Marin’s International SAS), which has locations throughout Europe.

Excluded from the sale are Quad’s shared services employees in Poland who support the company’s integrated marketing platform in The Americas.

Quad expects to use the proceeds from the sale to reduce debt and make further investments in solutions that advance its MX offering, consistent with its commitment to drive shareholder value.
more at: https://www.quad.com/newsroom/quad-completes-sale-of-its-european-operations-to-capmont

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