Quad/Graphics to close Fredericksburg, VA facility in January 2011
Wednesday, December 01, 2010
Press release from the issuing company
Sussex, WI – Quad/Graphics, Inc. announced today that it is continuing to move forward with consolidating operations as part of its integration strategy. The company plans to cease production at its Fredericksburg, Virginia, facility, by the end of January 2011.
“Today’s announcement is part of our ongoing plan to integrate operations following our acquisition of Worldcolor and will further strengthen the efficiency and competitiveness of our manufacturing platform,” said Joel Quadracci, Chairman, President & CEO of Quad/Graphics. “We have a clear vision for the future of our company and are moving aggressively to implement plans that will benefit our customers and drive value for our shareholders.”
The Fredericksburg plant – which is part of Quad/Graphics’ direct mail division called QuadDirect – will begin stepping down operations immediately. The plant encompasses approximately 165,000 square feet and employs approximately 300 full-time and part-time workers. Customer work and most equipment will be consolidated into other QuadDirect facilities.
The company will proactively assist impacted employees in finding new jobs, including those available at other Quad/Graphics locations. “As we go about this integration, we never forget that our decisions affect people’s lives,” Mr. Quadracci said. “We value the talents and contributions of the employees impacted by today’s announcement, and want to help them with their career transition.”
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