Quad/Graphics to purchase Brown Printing Co.

Special to The Freeman

April 7, 2014

SUSSEX – Quad/Graphics Inc. on Monday said it is buying Minnesota-based Brown Printing Co. for $100 million.

The acquisition is expected to enhance Sussex-based Quad/Graphics’ position in the printing industry, the company said. It will add Brown Printing’s clients and employees to Quad/Graphics.

Brown Printing, a printer of magazines and catalogs, has printing facilities in Waseca; East Greenville, Pa.; and Woodstock, Ill. Quad/Graphics is purchasing the company from Gruner + Jahr GmbH & Co., a German printing and publishing company.

“This acquisition is consistent with our ongoing strategy to transform Quad/Graphics and create value for our clients and shareholders," said Joel Quadracci, Quad/Graphics chairman, president and CEO. "Brown is a well respected, financially strong company focused on delivering superior quality and impeccable customer service to a diverse range of clients.”

According to a statement, the transaction has been approved by the Quad board and by Gruner + Jahr's shareholders and board. It remains subject to regulatory clearances and is expected to close in the second half of 2014, the statement said.

www.qg.com