Transcontinental Acquires the Scabrini Miragex Printing Plant in Magog.MONTREAL--(BUSINESS WIRE)--Aug. 7, 1997--G.T.C. TRANSCONTINENTAL GROUP LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (ME GRT GRT Great GRT Glimcher Realty Trust GRT Grand River Transit (Waterloo, Canada) GRT General Relativity Theory GRT Group Rapid Transit GRT Gruppo per le Relazioni Transculturali .A. GRT.B. GRT.PR.C. GRT.WT., TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). GRT.A. GRT.B. GRT.PR.C. GRT.WT. ) today announced it has acquired the Magog plant owned by Scabrini Miragex inc., a major commercial printer in the Eastern Townships The Eastern Townships (French: Les Cantons de l'Est) is a tourist region in south-central Quebec, lying between the former seigneuries south of the Saint Lawrence River and the United States border. and the Quebec leader in the printing of yearbooks and datebooks for educational institutions. Scabrini Miragex employs about 30 people and earned over $3.5 million in 1996. Its customers include major universities and schools in Quebec, as well as municipalities, associations and large corporations. The employees and assets of Scabrini Miragex in Magog will be integrated into Metrolitho, the Sherbrooke division of Transcontinental Printing Inc. Metrolitho is one of the largest commercial printing (brochures, pamphlets, catalogues, posters...) plants in the Eastern Townships and a major Canadian book printer. With this acquisition, Metrolitho will expand its range of products for the regional market and strengthen its position on the Canadian book printing market. "This acquisition is in line with our plan to develop business in specialty printing, especially in the Townships area, where Metrolitho is now the leading company," noted Remi Marcoux, Chairman of the Board and Chief Executive Officer of Transcontinental Group. "The integration of Scabrini Miragex will also give Metrolitho tools to expand outside the region and Quebec." Pierre Goulet, the President of Scabrini Group, said he was pleased with the transaction: "The printing sector is going through a consolidation phase and we have decided to concentrate on our assets in Montreal and Montmagny. We consider Transcontinental a natural buyer since we share the same corporate culture built on customer service and technological innovation. This transaction is good news for our customers in the region and for our employees." The Scabrini Miragex printing plant in Magog goes back to the year 1930, when it was known as Imprimerie Fisette. It was bought in 1976 and renamed Imprimerie Gaston Goulet by the father of the current president of Scabrini Group. After several local acquisitions it became Goulet Letourneau Imprimeurs. The merger with Creations Miragex took place in 1993. The corporate name Scabrini Group was registered in 1995. A leader in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , G.T.C. Transcontinental Group Ltd., a Canadian corporation, is involved in printing, distribution, publishing and compact-disc production, as well as electronic information and commerce. The Corporation also offers direct marketing services. Through this fully integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. , Transcontinental provides its customers with total service. Its shares are listed on the Montreal and Toronto stock exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . CONTACT: G.T.C. Transcontinental Group Ltd. Jean Blouin, 514/ 954-4000 http://transcontinental-gtc.com |
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