09.09.19
Quad/Graphics, Inc. announced that it has sold its heavy-duty industrial wood crating business Transpak to FCA Packaging, a nationwide leader in the custom industrial packag-ing solutions space. Transpak operates a 300,000 square foot facility in Franklin, WI, where it designs, engineers and builds customized, reusable wood crating solutions for heavy-duty commercial and industrial shipments worldwide.
“As our Quad 3.0 growth strategy accelerates, we continue to evaluate our collection of assets with a focus on long-term value-creation and strategic fit,” said Joel Quadracci, Quad chairman, president and CEO. “As part of FCA, Transpak will be part of a leading and fast-growing manufacturer of custom industrial crates, skids and boxes, and benefit from FCA’s broader scale, expertise and talent. Net proceeds of approximately $10 million will be used to reduce debt.”
Quad acquired Transpak in December 2013 as part of its strategic purchase of Proteus Packaging, a high-end paperboard packaging business that is also located in Franklin, WI. Quad continues to own and operate the former Proteus Packaging business.
“As our Quad 3.0 growth strategy accelerates, we continue to evaluate our collection of assets with a focus on long-term value-creation and strategic fit,” said Joel Quadracci, Quad chairman, president and CEO. “As part of FCA, Transpak will be part of a leading and fast-growing manufacturer of custom industrial crates, skids and boxes, and benefit from FCA’s broader scale, expertise and talent. Net proceeds of approximately $10 million will be used to reduce debt.”
Quad acquired Transpak in December 2013 as part of its strategic purchase of Proteus Packaging, a high-end paperboard packaging business that is also located in Franklin, WI. Quad continues to own and operate the former Proteus Packaging business.