Sean Milmo, Ink World European Editor11.27.07
Europe’s publication printing sector seems to be entering a new phase of restructuring after the
decision by Canada’s Quebecor World Inc. in November to divest all of its European printing operations.
The activities, comprising 18 printing and finishing facilities with more than 4,000 staff producing mainly publication products, is being merged with those of RSDB of the Netherlands in a joint venture in which Quebecor will have a 30 percent stake and the Dutch company the remainder.
Since the new group, which will be the largest independent printing group in Europe with annual sales of €1.3 billion ($1.9 billion), will be run by RSDB managers, analysts believe that the deal represents effectively a withdrawal by Quebecor from the European market so that it can concentrate on its printing business in the Americas.
Because of poor margins, heavy levels of debt and substantial overcapacity, ther
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