Printer Buys Rest of Mexican OperationCommercial print house Transcontinental said Friday that it bought the remaining 33 percent minority interest in its Mexican operation, Impresora Transcontinental de Mexico.
According to Montreal-based Transcontinental, 100 percent ownership of Impresora will position it to expand operations in the Mexican market, which the company has identified as key to its overall growth. Impresora -- which includes book-printing company Editorial Offset, acquired by Transcontinental in June -- operates three plants in Mexico, two of them in Mexico City and one in the city's suburb of Toluca. They generate $81.9 million in revenue per year.
Transcontinental also owns a door-to-door advertising business in Mexico. In total, it employs about 1,200 employees in Mexico out of its 12,000 workers in North America.