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Quebecor Printing announced major USA expansion.

MONTREAL--(BUSINESS WIRE)--Oct. 9, 1996--Quebecor (ME, TSE:IQI.) (NYSE:PRW.) Quebecor Printing Inc. announced today that it has reached an agreement in principle to acquire 100 percent of the shares of AmerSig Graphics, Inc. for a sum of US $55 million plus assumption of debt.

The transaction is subject to a satisfactory completion of due diligence reviews, approval by the respective boards of directors of the purchaser and the sellers, the execution of a definitive agreement and compliance with all regulatory requirements (including the Hart-Scott-Rodino Antitrust Improvements Act of 1976). The transaction is expected to be completed on or before November 30, 1996.

American Signature specializes in the production of catalogues and magazines and has four plants located in Atlanta, Georgia, Lincoln, Nebraska, Dallas, Texas and Olive Branch, Mississipi and a list services center in Atlanta. The four new manufacturing plants will be integrated into the existing network of forty-four Quebecor Printing facilities in the USA, thus allowing significant synergies that will benefit the Company's shareholders. The company has revenues of approximately US $230 million and employs approximately 1,600 people.

Mr. James A. Dawson, President and Chief Executive Officer of Quebecor Printing (USA) Corp. has stated: "This acquisition will dramatically strengthen our position in the catalog market while Quebecor Printing's strong position in Multimedia services will increase our ability to provide expanded services to this important market sector. The acquisition of American Signature will virtually double the amount of state-of-the-art short cut-off high speed presses and a high speed selective bindery equipment available to serve our customers".

Quebecor Printing Inc., a diversified global commercial printing company, is the second largest commercial printer in the United States and the largest in Canada and 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 mastering and replicating. The Company has over 23,000 employees working in more than 100 printing and related facilities in the United States, Canada, France, the United Kingdom, Spain, Mexico and India.

Quebecor Printing Inc.'s Subordinate Voting Shares are listed on the Montreal Exchange and on The Toronto Stock Exchange under the symbol "IQI" and are listed on the New York Stock Exchange under the symbol "PRW". Quebecor Printing Inc. is a subsidiary of Quebecor Inc.

CONTACT: Quebecor Printing (USA) Corp.

James A. Dawson, 617/346-7300

or

Quebecor Printing Inc.

Charles G. Cavell, 514/954-0101, 800/567-7070
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Publication:Business Wire
Date:Oct 9, 1996
Words:416
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