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Fairborn, Ohio May 29, 2009 – Transcontinental
Inc. announced today that it is selling its Transcontinental
Miami Valley, a printing plant specialized in insert printing
for local retailers, to a company controlled by Mr. Ralph
Pontillo. The transaction secures the future of the plant
in Fairborn, to the benefit of its employees, loyal customers
and the local community.
“Following a review of our business objectives, we have
decided to sell Transcontinental Miami Valley,” said
Norrie Meth, Senior VP, Retail Group, Transcontinental Printing.
Given the more than 20 years of an exceptional relationship,
I want to thank all of the employees of Transcontinental Miami
Valley for their support and commitment and I wish management
all the best moving forward.’’
Ralph Pontillo, general manager of the plant and new owner,
added: “This new start is a unique opportunity to keep
serving our customers while preserving jobs and making a vital
contribution to the local economy. Thanks to our specialized
knowledge of local advertisers and retailers, we are in an
excellent position to continue to contribute to the rich history
of the Miami Valley printing plant.”
The Miami Valley plant was acquired by Transcontinental in
1986. The plant specializes in retail insert printing, such
as grocery flyers, and commercial printing.
About Transcontinental
Transcontinental provides printing, publishing and marketing
services that deliver exceptional value to its clients and
provide a unique, integrated platform for them to reach and
retain their target audiences. Transcontinental is the largest
printer in Canada and in Mexico, and fifth-largest in North
America. It is also the country’s leading publisher
of consumer magazines and French-language educational resources,
its second-largest community newspaper publisher, and its
digital platform delivers unique content through more than
120 Web sites. Its Marketing Communications Sector provides
advertising services and marketing products using new communications
platforms supported by database analytics, premedia, email
marketing, and custom communications. Transcontinental is
a growing company with a culture of continuous improvement
and financial discipline, whose values, including respect,
innovation and integrity, are central to its operation.
Transcontinental (TSX: TCL.A, TCL.B) has approximately 14,000
employees in Canada, the United States and Mexico, and reported
revenues of C$2.4 billion in 2008. For more information about
the Corporation, please visit www.transcontinental.com.
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For information:
Media
Maxim Labrie
Media Relations
Transcontinental Inc.
Telephone: 514 954-4176
maxim.labrie@transcontinental.ca
Financial Community
Jennifer F. McCaughey
Director, Investor Relations
Transcontinental Inc.
Telephone: 514 954 2821
jennifer.mccaughey@transcontinental.ca |
