Quad/Graphics Incorporated Plans Canadian Plant Closure

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Researched by Industrial Info Resources (Sugar Land, Texas)-- Printing company Quad/Graphics Incorporated (NYSE:QUAD) (Sussex, Wisconsin) plans to close the company's printing plant in Saint-Jean-Sur-Richelieu, Quebec.

The company intends to close the 270,000-square-foot printing plant by the end of this year and transfer all equipment to its Edmonton, Alberta printing plant.

Approximately 240 jobs will be lost because of the closure. After the closure, the company will have eight printing plants in Canada. The remaining plants are in Dartmouth, Nova Scotia; Montreal, St. Laurent, and LaSalle in Quebec; Aurora and Concord in Ontario; Edmonton, Alberta; and Vancouver, British Columbia.

As of this year, Quad/Graphics had estimated revenues of $4.8 billion and consisted of approximately 28,000 people. The company has locations in NOrth America, Europe and Latin America. Quad/Graphics prints various magazines, including Business Week, Milwaukee Magazine, Playboy, Newsweek, Time, Sports Illustrated and People.

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