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Deed Shows Sale Price for Quad’s West Virginia Plant

November 12, 2020
By Michael Cader

When Quad sold their two remaining book printing plants to Bertelsmann’s Berryville Graphics on October 31, the details of the sale were not provided. Now the Herald-Mail reports that a deed recording the sale, filed with the County Clerk’s office on Tuesday, indicates that Berryville paid $11.3 million for the facility in Martinsburg, West Virginia. (They also purchased a plant of similar size in Fairfield, PA.) Bertelsmann Printing Group vp John Twomey, indicated that the Martinsburg plant has about 200 employees, as does the facility in Pennsylvania, with employment “down about one-third from pre-COVID-19 levels.” They add, “The major change […]

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Filed Under: Finance

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