Industry News

Quad/Graphics Completes Its Acquisition of Vertis

Vertis generated an estimated $1.1 billion in revenues in 2012

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Quad/Graphics reports that it has completed its acquisition of substantially all of the assets of Vertis Holdings for a net purchase price of $170 million. This assumes a purchase price of $267 million less the payment of $97 million for current assets that are in excess of normalized working capital requirements. Quad/Graphics used cash on hand and drew on its revolving credit facility to finance the acquisition. Quad expects the acquisition of Vertis to strengthen and expand its client offe...

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