Industrial Products


Leading designer and manufacturer of control systems that help newspaper, commercial, packaging and publication rotogravure printers improve their performance and productivity. 

Transaction Overview

  • Represented QuadTech, a subsidiary of Quad/Graphics, Inc. (NYSE:QUAD) in its sale to Baldwin Technology Company.
  • QuadTech is a leading designer and manufacturer of automated vision control systems used by web-fed printers in the commercial, newspaper, and packaging industries.
    • The Company’s systems use optical sensors and motion control technologies to measure and inspect various print parameters including color and registration.
    • QuadTech serves customers globally through offices in North America, Europe, India, Japan, and China.
  • QuadTech’s parent company, Quad/Graphics, Inc. (NYSE:QUAD), is a $4 billion provider of print and other media services.
  • Baldwin Technology Company is a manufacturer of process-automation equipment and consumables for the print, packaging, textile, and corrugated industries. 

Key Observations

  • Baldwin combined QuadTech with two of its existing divisions – Web Printing Controls and PC Industries – to create Baldwin Vision Systems.
  • Originally founded as Quad/Graphics’ R&D department, QuadTech’s mission was to ensure that Quad/Graphics was on the cutting edge of print quality control. Over time, QuadTech began selling to other printers.
Hennepin Partners LLC