Quad/Graphics, Inc. (“Quad/Graphics”) announced that it will cease production at its Richmond, Virginia, and Stillwater, Oklahoma, facilities as part of its ongoing plan to integrate operations following the Company’s July 2, 2010, acquisition of Worldcolor.
“Today’s announcement is another step in our 24-month journey to integrate operations of the combined companies, which will further enhance the efficiency and overall competitiveness of our manufacturing platform,” said Joel Quadracci, Quad/Graphics Chairman, President & CEO. “We remain steadfast in our commitment to take the necessary actions that will move our business forward, create value for our clients and shareholders, and build long-term stability and success for our employees.”
The Richmond plant encompasses approximately 225,000 square feet and currently employs approximately 125 people. It will run at full production until it closes in December 2011.
The Stillwater plant is approximately 350,000 square feet and employs approximately 240 people. It will begin stepping down operations in December 2011 and cease production in May 2012.
Customer work at both plants will be consolidated into other Quad/Graphics facilities.
The company will proactively assist impacted employees in finding new jobs, including those available at other Quad/Graphics locations. “As we move forward with this complex integration, we always remember that our decisions affect people’s lives,” Mr. Quadracci said. “We value the talents and contributions of the employees impacted by today’s announcement, and we will help them with their career transition.”