MERCED -- A large printing plant in Merced is facing another name change.
World Color Press Inc. has been purchased by Quad/ Graphics Inc., which is based in Wisconsin. World Color previously was known as Quebecor and before that World Color Press.
A Quad/Graphics plant in Merced on Cooper Avenue remains open. It employs about 600 people.
The purchase took place this month. Shareholders of both companies, as well as the courts, approved the sale.
Never miss a local story.
The merged company will be the second-largest commercial printer in North America behind Chicago-based R.R. Donnelley & Sons.
Quad/Graphics prints titles such as Newsweek, Wired and the L.L. Bean catalog. World Color prints publications such as Time, Sports Illustrated and Rolling Stone. The merged company expects to cut costs through the consolidation of U.S.-based printing facilities within the first two years after the acquisition.
World Color Press' Merced plant opened in 1981, when the company contracted with TV Guide Magazine to print its products. In the 1990s, People Magazine was printed at the plant, along with Time and Sports Illustrated.
In 1999, Quebecor merged with World Color Press, making it the largest independent printer in the world. Quebecor World filed for Chapter 11 bankruptcy in January 2008, which allowed the company to restructure.
CEO: Outlook positive
That plan resulted in some presses shutting down.
The chairman, president and chief executive officer of Quad/Graphics, Joel Quadracci, said he believes in the power of print.
"This is a defining moment in our company's history and for the future of our industry," Quadracci said. "Our new leadership includes the best and the brightest from both companies, building a unique team of innovative people who will redefine print for the benefit of all our stakeholders."