Quad/Graphics to buy minority stake in HGI Company

Share this content:

Catalog, magazine and retail insert printer Quad/Graphics will purchase a minority interest in HGI Company, a commercial printer. Financial terms of the deal, announced March 1, were not disclosed.

Craig Faust will retain majority ownership of Burlington, WI-based HGI and continue to lead the company as president and CEO.

Quad/Graphics, which announced plans to buy rival print and digital services firm Worldcolor in January, will provide HGI with the financial resources to continue diversifying its products and expanding its geographic reach. Quad/Graphics plans to offer clients improved services in in-store and point-of-purchase materials, marketing collateral, short-run books, catalogs and directories, print-on-demand publications and specialty binding, according to a statement from the two companies.

Faust said in the statement that the deal will allow his company to “execute more quickly on our growth strategy in short- to medium-run length commercial print.”

Quad/Graphics' acquisition of Worldcolor, expected to be complete this summer, will make the company the No. 2 printer in North America behind only RR Donnelley & Sons.

Representatives from Quad/Graphics and HGI could not be immediately reached for comment.

close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here