Quad/Graphics, Inc. and Vertis Holdings, Inc. have jointly announced that the US Bankruptcy Court has approved the companies’ proposed sale agreement, clearing the way for the sale to close. The companies are in the final stages of integration planning and expect to close the transaction in January.
Quad/Graphics and Vertis first announced on October 10, 2012, the execution of an agreement through which Quad/Graphics will acquire substantially all of the assets comprising Vertis’ businesses. Vertis simultaneously filed voluntary petitions for Chapter 11 relief to complete the sale as efficiently as possible while maintaining continuity for its clients and employees.
Vertis and Quad/Graphics will continue to operate separately and independently until the sale closes.