Quad Enters Into Definitive Agreement To Sell The Majority Of Its European Operations To Capmont For ~$45M
Portfolio Pulse from Benzinga Newsdesk
Quad/Graphics, Inc. has agreed to sell the majority of its European operations to Capmont GmbH for approximately $45 million. The sale includes print and ink-manufacturing facilities in Poland and other European locations, but excludes shared services employees in Poland. The transaction is expected to close by the end of 2024.
October 22, 2024 | 1:11 pm
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Quad/Graphics, Inc. is selling the majority of its European operations to Capmont for approximately $45 million. This strategic move allows Quad to focus on its core marketing experience offerings while maintaining key printing operations.
The sale of European operations for $45 million allows Quad to streamline its focus on core marketing experience services, potentially improving operational efficiency and financial health. This strategic divestment is likely to be viewed positively by investors, leading to a short-term positive impact on the stock price.
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