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| Type | Public |
|---|---|
| Founded | 1904 |
| Headquarters |  Montreal, Quebec, Canada |
| Key people | Jacques Mallette, CEO |
| Industry | Commercial and industrial printing |
| Employees | 43,000[1] |
| Website | www.quebecorworldinc.com |
→ See World Color Press
Quebecor World Inc. is a subsidiary of Quebecor Inc. based in Montreal, Quebec. It comprises a number of small and large print shops throughout the world.
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History
Quebecor Printing started in 1954 with a single printing press. It began its expansion outside of Canada in 1985, when it bought Pendell Printing, a Midland, Michigan-based company. In 1988, it purchased the printing plants of Bell Canada Enterprises. This was followed by the 1990 purchase of Maxwell Graphics' shops. In 1999, Quebecor Printing merged with World Color Press in a US$2.7bn deal to create Quebecor World. (World Color Press was founded in 1904 in St. Louis, MO. World Color pursued major expansions in 1996 and 1997, purchasing Ringier America and Rand McNally's Book Services Group.)
Locations
Quebecor has facilities in the United States, Canada, Brazil, France, the United Kingdom, Belgium, Spain, Austria, Sweden, Switzerland, Finland, Chile, Argentina, Peru, Colombia, Mexico and India.
Financial struggles
Quebecor entered a difficult period in the early 2000s as the market has gradually shifted focus to digital media. In response, the company's Board of Directors named Wes Lucas President and CEO, replacing Pierre Karl Péladeau, and announced a reorganization of its US book and magazine platforms, closing plants in Kingsport, TN and Brookfield, WI.
Quebecor World (USA) Inc. filed for chapter 11 bankruptcy protection on January 21st, 2008 at the United States Bankruptcy Court for the Southern District of New York.
In May 2009, Chicago-based printer RR Donnelley tendered an unsolicided bid to purchase Quebecor World.[2]
References
External links
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