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Quad Sells Transpak to FCA Packaging

Sells heavy-duty industrial wood crating business to FCA for $10 million.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

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.

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