Quad Graphics to buy World Color

Quad Graphics to buy World Color

Posted in the Worldcolor Forum

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HOMER

Sussex, WI

#1 Jan 26, 2010
The deal would create North America's second-largest commercial printer by sales, behind industry leader R.R. Donnelley & Sons Co (RRD.O), the paper said.

Shareholders of World Color, which prints such magazines as Sports Illustrated and Rolling Stone, would get a 40 percent stake in the newly combined company, according to the paper.

The new company would be listed on a U.S. stock exchange, people familiar with the matter told the paper.

Both the companies estimate their combined 2010 earnings would be around $875 million, including cost savings, the paper said.

The Quadracci family, which owns Quad/Graphics, would control the combined company after it goes public through ownership of class B shares, the people told the paper.

Quad/Graphics Chief Executive Joel Quadracci would lead the combined company, the paper said.

Quad/Graphics and World Color Press could not be immediately reached for a comment by Reuters outside of regular U.S. business hours.(Reporting by Sakthi Prasad in Bangalore; Editing by Muralikumar Anantharaman)
Northerner

Sussex, WI

#2 Jan 26, 2010
We never did need those Worldcolor signs, hope this improves our situation.
So ya know

Bowling Green, KY

#3 Jan 26, 2010
I hope this is not a death knell for some of our plants, especially for us here in Franklin. Sure didn't see this one coming.
Prints

Memphis, TN

#5 Jan 26, 2010
Could be the death knell for some more union plants.
Told You So

Chicago, IL

#6 Jan 26, 2010
One year ago we were given the option to vote no we could have lost our jobs made more on unemployment and would have found jobs by now, and moved on with our lives instead we listen to you IDIOTS now we will recive less in unemployment and there are alot less jobs available now. A year later were in a worse postion and have no leg to stand on at all, the union can do nothing were at the mercy of these greedy sadists. Think you didnt get screwed over this morning we recived a letter from Mr Angleson saying things will be great as he will be co-chairman of this new entity. This has been in the works for a while and all you sheep got duped. Like many have said on this board over the past year, we could have gone out with dignity, but instead we bent over and let the rape us of every penny. Good Luck to those that voted NO with me, the rest you deserve whats coming.
what next

Stillwater, OK

#7 Jan 26, 2010
We're located an hour from a Quad plant. I see the unemployment line in my future. Oh, I'm sure it'll be all sunshine and optimism from our plant manager though.
wcw

Sussex, WI

#8 Jan 26, 2010
Here we go again..........
Billy

Elk Grove Village, IL

#9 Jan 26, 2010
Prints wrote:
Could be the death knell for some more union plants.
__________

Without a doubt there will be an ass-load of "consolidation" coming our way. Quad/Graphics will not close any of its plants, but will carefully pick and choose work from our "marginal" plants to yank and put into theirs.

I've never been caught more totally unaware of anything in my life. If anyone suspected that THIS was coming, my hat's off to him for being a true clairvoyant.

I find it interesting that Quad/graphics is going public. That company always had a cost advantage being privately owned, rather than having to answer to shareholders.

Now, the company will be just like Donnelley - except (I hope) a much better run company. I hope there's a wholesale sweeping out of the dead wood. I just hope they don't get rid of good people in the process.
Rooster

Sussex, WI

#10 Jan 26, 2010
Welcome to QG. I hope this is good for everyone. This caught us at QuadTech by surprise too.Everyone is struggling to survive in this economy and let's hope we do. Again, welcome to QG.
2nd pressman

Dubuque, IA

#11 Jan 26, 2010
what is your QG wages for pressman?? wondering if we do make it through this if we are looking at another paycut
Rooster

Sussex, WI

#12 Jan 26, 2010
I have no idea at all what the wages are. I don't work inside the factory. I don't even have a guess for you. I would say the wage is different in different parts of the country but I couldn't say that for sure.
grinder

Rochester, NY

#13 Jan 26, 2010
Quad will shut down most gravure plants first.They have newer gravures in Wisconsin. Some are laying idle at this time.Next will be some of the magazine plants. Work will go to Pewakee Wisconsin and Saratoga, New York.They will then re -tool the book and directory plants and consolidate them if needed. Quad does very little of this work, and will need to look at the over all profitability of this business
TheFatLadysWarmi ngUp

United States

#14 Jan 26, 2010
grinder wrote:
Quad will shut down most gravure plants first.They have newer gravures in Wisconsin. Some are laying idle at this time.Next will be some of the magazine plants. Work will go to Pewakee Wisconsin and Saratoga, New York.They will then re -tool the book and directory plants and consolidate them if needed. Quad does very little of this work, and will need to look at the over all profitability of this business
Do you have plants in Ky or Tn?
Rooster

Sussex, WI

#15 Jan 26, 2010
TheFatLadysWarmingUp wrote:
<quoted text>Do you have plants in Ky or Tn?
No plants in either state. WV, NY, GA, NV, WI and OK. With sales offices all over the place.
grinder

Rochester, NY

#16 Jan 26, 2010
TheFatLadysWarmingUp wrote:
<quoted text>Do you have plants in Ky or Tn?
We have plants in Georgia, West VA, Reno nevada, Saratoga NY, 5 plants in Wisconsin, and oklahoma.
mtm

United States

#17 Jan 26, 2010
how many gavure's you got?
mtm

United States

#18 Jan 26, 2010
i mean gravure's.
guest

Culpeper, VA

#19 Jan 26, 2010
From what I have heard the 1st pressmen at quad make a lot less on the hour than we do, but have some awesome benefits. Given the choice I would take the money without a doubt, just hope we don't lose more of that than we already have.
Someone has definitely done their due diligence in keeping this deal under wraps. Hard to believe this has been in the making since at least Sept. and not so much as a peep about it on here before it was announced this morning.
Rooster

Sussex, WI

#20 Jan 26, 2010
mtm wrote:
i mean gravure's.
I'm not sure how many we have. I know we have them in WI and I think WV too. Grinder might know more about that.
Rooster

Sussex, WI

#21 Jan 26, 2010
mtm wrote:
i mean gravure's.
A quick checks tells me we have 12 Gravure presses. Don't quote me on that but that's how many I see in the schedule.

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