Quad/Graphics Buys HGI Company
Quad/Graphics, Inc. , the second largest provider of print, digital and related services in North America, announced it has purchased HGI Company, an award-winning, full-service, multi-faceted commercial and specialty products printer, building on the strategic partnership the two companies established earlier this year.
The acquisition brings together HGI's expertise in the commercial and specialty products segments with Quad/Graphics' industry-leading technology and innovation to provide quick-turn, customized and value-added solutions on a global scale.
HGI, which had been majority owned and led by Craig C. Faust and his team of print industry professionals, will operate as a division of Quad/Graphics.
Faust will serve as the division's president, guiding the profitable growth of commercial products and services, including short-run books, catalogs and directories; marketing collateral; print-on-demand custom publications; and specialty binding. He will also oversee the advancement of the company's specialty products offering such as retail point-of-purchase (POP) displays and materials through its Tempt brand.
"HGI is a premier printing company that has earned a stellar reputation for quality, flexibility and reliability," said Joel Quadracci, chairman, president and CEO of Quad/Graphics. "I look forward to Craig joining my management team and expanding on HGI's strong commercial and specialty print offering, which includes some of the newest, most advanced equipment anywhere in North America. Our goal is to offer a broader, more complete suite of differentiated products and services that advance our clients' business goals and help drive Quad/Graphics' immediate and long-term growth."
For more information, visit www.qg.com.