PRINTING COMPANY Quad Graphics Inc, has announced today to buy Montreal based World Color Press Inc, to create a company with combined revenue of $5.1 billion US Quad Graphics’s CEO, Joel Quadracci, will be the chairman, president and CEO of the new company. World Color Press prints magazines such as Sports Illustrated, US Weekly, Reader's Digest and Rolling Stone as well as the Crate & Barrel catalog and Yellow Book directory.

Wisconsin-based Quad Graphics said the combination will help cut costs and boost earnings by about $225 million US in pre-tax net in the next two years. It will create a group with almost 30,000 employees across the Americas and Europe. World Color shareholders will receive shares of Quad Graphics and end up with 40 per cent ownership of the combined business as well as two seats on its board of directors.

Quad Graphics chairman, president and CEO Joel Quadracci said, "By combining the strengths of both companies, we will enhance our leadership position in the printing industry." The companies said they have arranged US$1.2 billion in financing from JPMorgan Chase and U.S. Bank.

Quad Graphics Inc has 11 thousand employees and two billion dollars in annual sales. Quad Graphics was launched on July 13, 1971, in an abandoned millwork factory in Pewaukee, Wisconsin.