MONTREAL, Feb. 7, 2012 /CNW Telbec/ - Transcontinental Inc. (TSX: TCL.A
TCL.B TCL.PR.D.) is very pleased to announce that it has received from
the Competition Bureau of Canada the necessary authorizations to close
the transaction for the indirect acquisition of the shares of
Quad/Graphics Canada, Inc. Closing is expected to take place as soon as
possible over the next several weeks.
Recall that last July 13 Transcontinental Inc. announced that it had
agreed to acquire all the shares of Quad/Graphics Canada, Inc.
representing seven facilities (3 in Ontario, 2 in Quebec, 1 in Alberta
and 1 in Nova Scotia), that regroup six printing plants and one
In a separate transaction, Transcontinental Inc. has also reached an
agreement to sell its Mexican operations as well as transfer its black
and white book printing business, destined for U.S. export, to
Quad/Graphics. This transaction was completed September 8, 2011.
Essentially, these two transactions represent an exchange of assets.
About TC Transcontinental
TC Transcontinental creates marketing products and services that allow
businesses to attract, reach and retain their target customers. The
Corporation is the largest printer in Canada and the fourth-largest in
North America. As the leading publisher of consumer magazines and
French-language educational resources, and of community newspapers in
Quebec and the Atlantic provinces, it is also one of Canada's top media
groups. TC Transcontinental is also the leading door-to-door
distributor of advertising material in Canada through its celebrated
Publisac network in Quebec and Targeo in the rest of Canada. Thanks to
a wide digital network of more than 1,000 websites, the Corporation
reaches over 13 million unique visitors per month in Canada.
TC Transcontinental also offers interactive marketing products and
services that use new communication platforms supported by marketing
strategy and planning services, database analytics, premedia, e-flyers,
email marketing, custom communications and mobile solutions.
Transcontinental Inc. (TSX : TCL.A, TCL.B, TCL.PR.D), known by the
brands TC Transcontinental, TC Media and TC Transcontinental Printing,
has approximately 10,000 employees in Canada and the United States, and
reported revenues of C$2.0 billion in 2011. For more information about
the corporation, please visit www.tc.tc.
SOURCE TRANSCONTINENTAL INC.
For further information:
VP Corporate Communications
Telephone: 514 954-4007
Jennifer F. McCaughey
Senior Director, Investor Relations and
Telephone: 514 954-2821