Murray and I graduated from Mt. Morris High School in Illinois in 1956 and 1957. It was then a small town with several thriving businesses related to printing and publishing, an excellent school system, four churches, and a solid retail business district. When my parents and grandparents were young there had been a Mt. Morris College (two different entities, 1839-1932), but it closed in 1932. At one time Mt. Morris had a high school, junior high, and an elementary school, but those are gone too except for the middle school. Two years ago Watt Publishing, one of the largest publishers of agricultural journals, moved out. Last week, the announcement came that Quad-Graphics would be leaving too. That's the current name of a company that began in 1894. Here's how Murray explains the timeline from Kable Brothers Printing to Quad-Graphics.
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Norma, here are the events leading up to the demise of our beloved Kable Brothers Printing Company.
1957 -
Western Publishing of Racine, Wisconsin, elected to compliment their strong children's books, games and toys business. They purchased Kable Printing. They were a great company to work for as they paid well and had great benefits including profit sharing. They allowed Kable management to continue to manage the daily operation of the plant.
1974 - This continued until the photo engravers decided to strike in May of 1974. Western Publishing handled the negotiations with the union. Kable limped though the strike under Western Publishing till 1979 as the strike weakened them.
1979 - Mattel purchased Western Publishing in 1979 [for $120.8 million in cash and stock] primarily for Western's lucrative children's books, toys and games business. They then divested themselves of Kable in 1980 to the
Providence Journal because they really had no interest or expertise in printing and publishing.
1980 -
The Providence Journal had a printing division called Providence Gravure. They added Kable printing to this division and allowed Kable to keep its name. [Murray transferred to Providence in 1981, retiring in 1995.] They also had gravure plants in Dallas and Richmond. They were an excellent company to work for as they were generous with their benefits and paid well.
1986 - In 1986 they sold the Gravure division to Robert Maxwell of Maxwell Communications. Robert Maxwell was determined to become the largest communications media in the world. He was obsessed with attempting to overtake Rupert Murdoch as the world's largest communications empire. Maxwell was ruthless in his attempt. He kept acquiring and expanding sometimes using the pension funds of his acquisitions for capital. Fortunately he didn't touch the pension funds of the Providence Gravure Printing division. Maxwell
drowned mysteriously in November 1991 while cruising off the Canary Islands, investigators discovered that he had misappropriated hundreds of millions of dollars from his companies and their pension plans to finance his corporate expansion. Maxwell's companies were forced to file for bankruptcy protection in Great Britain and the United States.
1990 -
Quebecor Printing, located in Montreal, Quebec, purchased the Providence Gravure printing division from Maxwell Communications in 1990. Kable became Quebecor Mt. Morris. Quebecor Printing had similar goals as Maxwell. They wanted to become the largest commercial printer in the world by overtaking R.R. Donnelly. Their business plan was based strictly on total sales. They were successful based on total sales, however it was at the risk of their bottom line. To help towards their goal they merged with World Color in 1999. Kable/Quebecor Mt. Morris became QuebecorWorld. The QuebecorWorld business plan failed.
2010 - QuadGraphics with 30,000 employees worldwide purchased the bulk of QuebecorWorld U.S. printing plants in June of 2010. QuadGraphics immediately began consolidating and closing down various printing plants. On Nov. 30 QuadGraphics announced that starting Jan. 1, 2011 the Mt. Morris plant will began reducing it's work force from 500 to 100 employees to be completed by April 1. 2011.
MURRAY