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Today, in the USA, the company primarily functions as a house printer for the company’s book publishing division. Initially, the Bertelsmann Printing Group was led by Bertram Stausberg and Axel Hentrei as two equal Chief Executive Officers. [33] Since Bertram Stausberg stepped down in the fall of 2016, Axel Hentrei has solely headed up the group.
[6] [7] [8] He raised the funds to establish the printing company, in part, by taking out a $35,000 second mortgage on his house, and began with 11 employees. [8] [7] Some of the company's first contracts were with Investor magazine and the national Fishing Facts magazine. [8] By 1973, Quad had 25 employees and $2.8 million in sales. [9]
Kinko's corporate headquarters was in Ventura, California for many years, but in 2002, the company relocated to Galleria Tower in Dallas, Texas. In February 2004, FedEx bought Kinko's for $2.4 billion, which then became known as FedEx Kinko's Office and Print Centers. Prior to the FedEx acquisition, most Kinko's stores were open 24 hours a day.
In 1999, Quebecor Printing merged with World Color Press in a US$2.7 billion deal to create Quebecor World. (World Color Press was founded in 1904 in St. Louis, MO.World Color had pursued major expansions in 1996 and 1997, purchasing Ringier America and Rand McNally's Book Services Group.)
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In 2001, Inktel was spun off from Avanti [3] when the printing company was sold. [2] As of 2003, Ricky Arriola is the CEO of the company, his brother Eddy is executive vice president, and their brother Dan is the director of business development. [3] In 2003, the firm had more than $40 million in annual revenues. [4]
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