Quebecor World Inc. and Merrill Corp. said yesterday that Merrill, through Canadian subsidiary Merrill Corp. Canada, completed the purchase of the 51 percent of the shares of Quebecor Merrill Canada Inc. that were held by Quebecor.
Terms of the deal were not disclosed.
After this transaction, which took effect Dec. 31, Merrill owns 100 percent of the shares of QMC, which specializes in financial document services with offices in Montreal, Toronto, Calgary and Vancouver.
This deal, combined with the recent sale of its U.S. and Canadian commercial printing entities, concludes Quebecor World's divestiture of its non-core assets announced last year.
“In addition to further investing in our current capabilities, we will also be expanding the services offered to the legal, financial and corporate community,” Merrill Corp. president/chief operating officer Rick Atterbury said in a statement.