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November 2, 2020By Michael Cader

Penguin Random House Parent Bertelsmann Controls More US Book Printing with Quad Acquisition

November 2, 2020By Michael Cader

Berryville Graphics, a division of Bertelsmann Printing, has acquired the two book manufacturing plants that Quad has been trying to sell for a year now. Berryville has bought the facilities in Fairfield, PA (370,000 square feet) and Martinsburg, WV (380,000 square feet, which focuses on paperbacks). The transaction closed on October 31. It’s a significant expansion for Berryville, which Dun & Bradstreet estimated had sales of about $120 million in 2019. The money-losing Quad book printing business — acquired from World Color, previously known as Quebecor — had annual sales of about $200 million. They sold their big, 1 million-square-foot […]

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Filed Under: Finance, M&A

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