Quad Completes Sale of Former Oklahoma City and Fernley Manufacturing Facilities
17 Dezembro 2021 - 11:00AM
Business Wire
Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”),
today announced it has completed the sale of its former Oklahoma
City, OK, and Fernley, NV, manufacturing facilities to affiliates
of Industrial Realty Group, LLC, one of the country’s largest
owners of commercial and industrial properties, for combined net
proceeds of $58.6 million.
Quad will use proceeds from the sale to reduce debt and continue
accelerating its competitive position as a marketing solutions
partner.
About Quad Quad (NYSE: QUAD) is a worldwide marketing
solutions partner that leverages its 50-year heritage of platform
excellence, innovation, strong culture and social purpose to create
a better way for its clients, employees and communities. The
Company’s integrated marketing platform helps brands and marketers
reduce complexity, increase efficiency and enhance marketing spend
effectiveness. Quad provides its clients with unmatched scale for
client on-site services and expanded subject expertise in marketing
strategy, creative solutions, media deployment (which includes a
strong foundation in print) and marketing management services. With
a client-centric approach that drives the Company to continuously
evolve its offering, combined with leading-edge technology and
single-source simplicity, the Company has the resources and
knowledge to help a wide variety of clients in multiple vertical
industries, including retail, publishing, consumer technology,
consumer packaged goods, financial services, insurance, healthcare
and direct-to-consumer. Quad has multiple locations throughout
North America, South America and Europe, and strategic partnerships
in Asia and other parts of the world. For additional information
visit www.QUAD.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211217005135/en/
Claire Ho Director of Corporate Communications, Quad
414-566-2955 cho@quad.com
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