Quebecor Sells Facilities in Second Buyout

Share this content:
A former Quebecor World executive and two private investors purchased five of the printer's U.S. facilities for $70 million through a newly formed company, the firms said last week.


The new company is The Matlet Group LLC. The deal was structured as a management buyout of facilities that specialize in commercial printing and packaging, fulfillment and premedia services. The facilities are Acme Printing Co., Wilmington, MA; Central Florida Press, Orlando, FL; Packaging Graphics, Pawtucket, RI; Nova Marketing Services, St. Louis; and Premedia Services, Detroit.


Matlet's annual revenue exceeds $135 million, and it employs 600 people. It was formed by Gary Stiffler, former executive vice president of Quebecor's Commercial Group, along with two private investors.


Quebecor, Montreal, announced a separate management buyout Nov. 15. In that deal, former Quebecor management acquired several of the printer's Canadian facilities for $44.4 million through a newly formed company called Grafikom LP.


close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

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