VERSAILLES, Ky. (WTVQ) – One of Woodford County’s largest employers has been purchased, but the new owners have told workers not to expect any changes.
The Minnesota-based CJK Group has purchased Quad/Graphics Versailles book printing facility, according to the companies.
According to employees, the general counsel for the new owner said CJK Group will assume existing customer contracts and none of the Quad workers will lose their jobs.
“The capabilities of the Versailles, Kentucky plant will increase the capacity of CJK Group’s book production platform exactly at a time when publishers are seeking strong, stable suppliers who have a long term commitment to this market. Sheridan brings to this customer base the ability to provide new, integrated digital solutions, along with additional print and post-print capabilities. We are pleased to welcome the former Quad employees into the CJK Group family,” CJK Group CEO Chris Kurtzman said in a statement.
According to CJK Group, the new company will operate under the name Sheridan Kentucky and will become part of the Sheridan division of the CJK Group.
The one million-square-foot plant specializes in softcover and hardcover books and publications for a variety of other markets and industries, such as scientific and technical, education and trade groups.
The Versailles operation shut down during the early part of the coronavirus outbreak but reopened when the state began to allow some companies to start production again.
Quad/Graphics has been trying to sell its book business since last year. It had an agreement with LSC Communications, but that deal fell through when challenged by the the U.S. Department of Justice on anti-trust concerns.
Quad said at the time it still was looking for buyers.