, /PRNewswire/ — Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), a global marketing experience (MX) company, today announced that it has entered into a definitive agreement to sell the majority of its European operations for €41 million (approximately $45 million) to Germany-based entrepreneurial private capital investment manager Capmont GmbH (“Capmont”).
Quad will maintain state-of-the-art printing operations in locations that best support its ever-evolving MX offering.
The transaction includes all employees and facilities for Quad/Graphics Europe print and ink-manufacturing headquartered in Wyszków, Poland; the Peppermint agency in Warsaw, Poland; and Quad POS (including Marin’s International SAS), which has locations throughout Europe.
Excluded from the sale are Quad’s shared services employees in Poland who support the company’s integrated marketing platform in The Americas.
The transaction is expected to close by year end 2024 pending customary regulatory clearances and other closing conditions.
“The decision to divest the majority of our European operations …