Acquisition Expands Printer's Global Capabilities and Ability to Help Retailers and Brand Marketers Promote Their Products or Services Around the World
Quad/Graphics, Inc. (NYSE: QUAD) ("Quad/Graphics" or the "Company") today announced it has acquired Marin's International ("Marin's"), a worldwide leader in the point-of-sale display industry, based in Paris, France. Marin's is the exclusive licensee of an international patent portfolio covering a variety of display systems, including the popular Lamà created by François L'Hotel that instantly pops open into position with no assembly required.
The acquisition strengthens and expands both companies' offerings to retailers and brand marketers around the world, including major consumer packaged goods companies. Through Marin's, Quad/Graphics clients will have additional ways to promote their products or services as part of a global brand campaign. Backed by Quad/Graphics' financial strength and resources, Marin's will continue developing new products and services that enhance its value in the marketplace and to its global licensee network.
"Marin's is a successful, highly respected company whose solutions enhance our existing in-store and large-format marketing solutions," said Joel Quadracci, Quad/Graphics Chairman, President & CEO. "This acquisition supports our strategies to grow our business globally while enhancing our financial strength and creating shareholder value. Marin's high-end corrugated displays complement our core print business and represent high-growth potential. The Marin's team possesses exceptional strength and talent in structural and graphic design, and we look forward to bringing innovative ideas to the global marketplace together."
Added Craig Faust, President of Quad/Graphics' Commercial & Specialty group: "With Marin's, we expand our ability to help retailers and brand marketers effectively execute campaigns anywhere in the world. In turn, we can introduce these premier companies to our leading-edge solutions, including innovative media solutions like interactive print, for further promoting brand awareness and loyalty."
Marin's will continue to do business under its existing name and brand mark, and operate autonomously under the direction of Jean-Michel Gaffé, a Marin's veteran who now serves as General Manager & President.
"Marin's is excited to be part of a financially strong and forward-thinking company like Quad/Graphics, which shares our passion for innovation in the print space," Gaffé said. "Our companies are a natural and strategic fit with shared values, including taking care of employees and the clients we serve."
Marin's will continue to use its own European-based sales force as well as a global network of more than 30 licensees to consultatively sell its patented product portfolio. A number of these licensees in a few countries also manufacture and distribute Marin's products. Quad/Graphics has been a major manufacturer of Marin's displays for European markets for the past 10 years.
The acquisition was completed on Tuesday, February 3, 2015. Terms of the acquisition were not disclosed.
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