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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of OCTOBER 19, 1998
QUEBECOR PRINTING INC.
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(Translation of Registrant's Name into English)
612 Saint-Jacques Street, Montreal, Quebec, Canada H3C 4M8
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(Address of Principal Executive Office)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F)
Form 20-F Form 40-F X
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(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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PRESS RELEASES OF
QUEBECOR PRINTING INC.
FILED IN THIS FORM 6-K
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October 19, 1998 (# 24\98)
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October 19, 1998 24/98
FOR IMMEDIATE RELEASE
QUEBECOR PRINTING ACQUIRES COLOMBIAN PRINTER
IMPREANDES PRESENCIA
MONTREAL - Quebecor Printing announced today the acquisition of one of South
America's most important book printers, Impreandes Presencia S.A. The move
establishes Quebecor Printing as one of the largest printers in South America.
Under the terms of the purchase agreement, Quebecor Printing acquires
approximately 60% controlling interest of Impreandes Presencia. The remaining
40 % is shared between Quebecor Printing's South American partner, the Aguirre
family and Impreandes Presencia management.
Impreandes Presencia is based in Bogota and is the fourth largest printer in
Colombia. It is also one of the industry's most successful printers, recognized
for its strong sales force and excellent customer relations. With annual
revenues of US $24 million, Impreandes' main product is educational books, 50%
of which are exported to Brazil as well as to other South American countries.
Its workforce totals over 300 employees.
"As I announced when we first entered South America over a year ago, we are
making several small, yet significant acquisitions in order to build a critical
mass of print facilities to serve customers continent-wide," said Charles
Cavell, President and Chief Executive Officer of Quebecor Printing. "When
combined with our operations in Chile, Peru and Argentina, and with our link to
North American customers through our highly successful Mexican book operation,
the Impreandes acquisition represents a major advance for us in the Latin
American book and commercial printing market."
As print industry restructuring continues on a global basis, Quebecor Printing
is playing an important strategic role in the fragmented South American print
market through growth by acquisition and consolidation. The Company brings its
well-known expertise as an efficient, low-cost producer as well as its strong
supplier relationships while benefiting from the market expertise and industry
experience of some of the most respected commercial printing operations in South
America.
Quebecor Printing Inc. (NYSE:PRW; ME:IQI; TSE:IQI), a diversified global
commercial printing company, is the largest commercial printer in Canada and one
of the largest in the United States, Europe and South America. The Company is a
market leader in most of its major product categories which include magazines,
inserts and circulars, books, catalogs, specialty printing, related services,
CD-ROM mastering and replicating, directories as well as bonds and banknotes.
The Company has over 28,000 employees working in more than 115 printing and
related facilities in the United States, Canada, France, the United Kingdom,
Spain, Germany, Sweden, Finland, Chile, Argentina, Peru, Colombia, Mexico and
India.
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For more information :
John Paul Macdonald Guy Trahan
Director Communications President
Quebecor Printing Inc. Quebecor Printing South America
Tel. (514) 954-0101 Tel. 011 (54) (1) 313 7196
(800) 567-7070
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
QUEBECOR PRINTING INC.
By: (s) PHILIPPE MONTEL
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Name: Philippe Montel
Title: Vice President, Legal
Affairs and Secretary
Date: OCTOBER 19, 1998
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