Quebecor Acquires Leading Spanish Pre-Media Company
Press release from the issuing company
Madrid, Spain— 2/14/01 - Quebecor World Inc. today announced the acquisition of a controlling interest in a leading Spanish pre-media company in Madrid, Espacio y Punto. The investment in Espacio y Punto provides Quebecor World with a European pre-media platform to build upon. The Company will model its European pre-media operations along the lines of those employed in North America under Que-Net MediaTM.
Espacio y Punto’s state of the art facilities are the result of sustained innovation and investment over the last several years. The Company employs approximately 80 people. Clients include leading magazine publishers and the country’s top retailers. Espacio y Punto’s reputation for excellence in customer service and its long-standing relationship with Quebecor World’s Spanish printing plants means the acquisition will further strengthen Quebecor World’s position as one of the leading printers in Spain.
“Our investment in Espacio y Punto, a leading pre-media company in Spain, confirms our intent to replicate the success we have enjoyed in our North American markets by providing integrated pre-media and printing solutions to our customers,” said John Bertuccini, President of Quebecor World Europe.
Quebecor World operates three facilities in Spain, one in Madrid and two in Barcelona. They are all connected via a highspeed telecommunications network which will now include Espacio y Punto. “This interconnectivity, combined with Computer-to-Plate technology at all three plants, means we can offer our Spanish clients a unique and fully digital pre-press service,” added Mr. Bertuccini.
The printing industry in Spain is continuing to develop faster than elsewhere in Europe because of lower production costs and a more vibrant economy. Quebecor World is a leading producer of magazines, catalogs, inserts and other commercial print products in Spain, and a leading producer of books in the Spanish and European market. In addition to Espacio y Punto, Quebecor World’s Spanish facilities are Altair-Quebecor in Madrid and Rotocayfo-Quebecor and Cayfosa Quebecor in Barcelona.
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