TC Transcontinental Printing Announces Sale of Assets of Subsidiary Rastar
February 11 2014 - 4:30PM
Marketwired
TC Transcontinental Printing Announces Sale of Assets of Subsidiary
Rastar
MONTREAL, QUEBEC--(Marketwired - Feb 11, 2014) - TC
Transcontinental Printing, a division of TC Transcontinental
(TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D) announced today that it is
selling the assets of Rastar, based in Utah, USA, a subsidiary
which specializes in personalized print products. Rastar will be
acquired by Digibell, Inc., a wholly owned subsidiary of Sun Litho,
one of the most well-known commercial printers in Utah since
1941.
"The decision to dispose of Rastar's assets is consistent with
our strategy to focus on our commercial printing operations in
Canada. We are certain that Rastar's customers will continue to be
well served by the new owner and we thank them for their support
over the past several years. We also thank all our employees for
their dedication and support and wish them every success in the
future," said Brian Reid, President of TC Transcontinental
Printing.
"Rastar is an exceptional fit with our operation. Sun Litho has
been one of the premier commercial printers and packaging companies
in the region while Rastar is one of the very best digital print
companies in the country. This move will allow us to offer a full
range of solutions to our customers," said Jeff Isbell, President
and CEO of Sun Litho.
About TC Transcontinental Printing
As the largest printer in Canada and the third-largest in North
America, TC Transcontinental Printing has an extensive state-of-the
art network of printing plants. Over 5,000 employees offer
innovative print solutions for retail flyers, magazines,
newspapers, four-colour books, and personalized and mass marketing
products that meet the needs of publishers and marketing
specialists.
TC Transcontinental Printing is a division of Transcontinental
Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D), which has over 9,000
employees in Canada and the United States, and revenues of C$2.1
billion in 2013. Website www.tc.tc
Media: Nathalie St-JeanSenior Advisor, Corporate
CommunicationsTC Transcontinental514
954-3581nathalie.st-jean@tc.tcwww.tc.tcFinancial Community:
Jennifer F. McCaugheySenior Director, Investor Relationsand
External Corporate Communications-TC Transcontinental514
954-2821jennifer.mccaughey@tc.tcwww.tc.tc
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