Quebecor Printing Inc. Purchases Assets of French Printer European Expansion Continues.MONTREAL--(BUSINESS WIRE)--June 25, 1996-- The French subsidiary of Quebecor Printing Inc. has acquired the assets of L'Alsace Imprimerie at a purchase price of 21.5 million FF (US $ 4.1 million). The Company indicated that the equipment would be relocated to several of Quebecor Printing's France Specialty plants. The assets include three rotary presses with sophisticated in-line finishing equipment, plus substantial ancillary equipment. By transferring this equipment to its Groupe F comme Quebecor in Beaugency, the firm will significantly enlarge its Direct Mail capacity in France, in time for the seasonal demand in the fourth quarter. Quebecor Printing Europe President Pierre Karl P ladeau declared: "This purchase is indicative of the aggressive strategy that we are taking in Europe. We have enlarged our base of state-of-the-art equipment at an extremely good price." Quebecor Printing Inc., a diversified global commercial printing company, is the second largest commercial printer in the United States, the largest in Canada and one of the leaders in Europe. The Company is a market leader in most of its major product categories which include magazines, inserts and circulars, books, catalogs, directories, checks, bonds and banknotes, specialty printing, chip cards and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). mastering and replicating. The Company has over 23,000 employees working in 100 printing and related facilities in the United States, Canada, France, the United Kingdom, Mexico and India. Quebecor Printing Inc.'s Subordinate Voting Shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. are listed on the Montreal Exchange and on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "IQI IQI Image Quality Indicators IQI Inpatient Quality Indicator IQI Institut für Qualität und Innovation GmbH (Neuenrade, Germany) IQI Incoming Quality Inspection " and are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "PRW "Parents are watching." See digispeak. ". Quebecor Printing Inc. is a subsidiary of Quebecor Inc. CONTACT: Quebecor Printing Inc. Charles G. Cavell President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. 514/954-0101 800/567-7070 or Quebecor Printing Europe Paris, France Pierre Karl Peladeau President (1) 44.51.15.30 |
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