Ennis Acquires Independent Printing Company In Stock Purchase Transaction

Ennis, Inc., announced the purchase of Independent Printing Company, Inc. and related entities in a stock purchase transaction that closed January 27, 2017. The majority stockholder was a private equity firm in New York. Independent has 4 locations in Wisconsin, with its main facility located in DePere, Wisconsin. The business produces presentation folders, checks, wide format and commercial printing. Independent had sales of approximately $37 million for the calendar year just ended and sells mainly through distributors and resellers. The Company will now have 4 folder facilities in Michigan, Kansas, California and Wisconsin, as well as wide format capabilities in Colorado and Wisconsin. click Read More below for additional detail
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UPM aims higher with renewed long-term financial targets

UPM renews its long-term financial targets. In the new targets • the business area return targets and the comparable ROE target have been increased. • comparable EBIT growth has been introduced as a new group-level target • a new financial policy on leverage based on net debt/EBITDA has been introduced • the cash flow-based dividend policy remains unchanged. click Read More below for additional detail
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UPM finishes a record-strong year with a good quarter

2016 highlights: •Comparable EBIT increased by 25% to EUR 1,143 million (916 million). •Growth projects contributed significantly to earnings and cost efficiency measures continued on a strong track. •Operating cash flow reached a record high of EUR 1,686 million (1,185 million). •Net debt decreased to a record low of EUR 1,131 million (2,100 million). •UPM closed the Madison Paper Industries in the US in May and sold the Schwedt newsprint mill in Germany in July. •In July, UPM announced expansion of the UPM Kymi pulp mill capacity to 870,000 tonnes. click Read More below for additional detail
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Packaging Corporation of America Reports Fourth Quarter and Full Year 2016 Results

In the Packaging segment, total corrugated products shipments were up 9.7%, or 11.5% per workday, over last year’s fourth quarter. Packaging segment price and mix was lower compared to the fourth quarter of 2015 and up compared to the third quarter of 2016. Containerboard production was 962,000 tons, and containerboard inventory was flat compared to year-end 2015 levels. Paper segment price and mix was higher than the fourth quarter of 2015 and flat compared to the third quarter of 2016. Paper volume was lower compared to the fourth quarter of 2015, primarily due to the previously announced fourth quarter shutdown of market pulp operations at our Wallula Mill, and down versus the seasonally stronger third quarter of 2016. click Read More below for additional detail
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Domtar Corporation, Invests $25.3 Million To Expand Johnsonburg And DuBois, Pennsylvania Facilities

Domtar Corporation will make significant infrastructure and equipment upgrades at its facilities in Johnsonburg, Elk County, and DuBois, Clearfield County, Pennsylvania. The company plans to invest $25.3 million in projects at the two facilities. The company has committed to retention of 438 existing, full-time positions over the next three years. To remain globally competitive, Domtar plans to convert the energy supply at its paper mill at 100 Center Street, Johnsonburg Borough, Elk County, from coal to natural gas to improve the mill’s energy and water reduction, and to upgrade the facility’s boilers, turn up devices, causticizers, liquor retention tank, and threading equipment. Upgrades for the Domtar facility at 377 Satterlee Road, Sandy Township, Clearfield County, include incorporating folio palletizer controls, shrink wrapped ream packaging, and rewinder shipping dock levelers. click Read More below for additional detail
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How Print Is Producing a Distractionless Advertising Revolution

In today’s world, it’s the norm to be distracted by eye-catching, witty and sense- assaulting ad campaigns. Advertisers have been programmed in recent years to think that distracting ad campaigns on digital platforms are the only way to increase sales and brand awareness. But here at Ink we know that’s not necessarily true! For example, we know that when audiences are inflight reading print media, their attention grows considerably. Up to 50%! This approach to aggressive digital advertising has created an increasingly resistant breed of consumers who shy away - and even shun entirely - digital advertising. In offline mediums like print, radio and TV, advertising can be consumed in a less intrusive way. You cast your eye casually over an advert in a newspaper, let the catchy jingle you heard on the radio become an earworm for days after, or smile at a heart-warming advert during the break of your favourite soap. At its worst, digital advertising prohibits the user experience, preventing audiences from enjoying what they’re trying to consume by blocking their way, or by flashing up when they’re trying to visit a website, for example. click Read More below for more of the story
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Bauer Media Study Reveals Surprises for Print

How do you help grow your print advertising business? Well, in Bauer Media’s case you commission a third-party research firm to confirm what you already believe—readers still love print. Bauer hired Equation Research last fall to survey its readers and learn more about their passions and how they engage with and consume content. The study polled more than 600 females, ages 18-64 who bought one or more magazines from Bauer or a competitor. The study reveals a slew of insights that should, at the very least, raise an eyebrow for prospective advertising clients. More than three-quarters of respondents (84%) said they find themselves more engaged when reading a print magazine, versus consuming other forms of content, including online and on television. click Read More below for more of the story
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Macy’s, Inc. Sells Ownership of Frango to Garrett Brands

Macy’s, Inc. and Garrett Brands announced that they have entered an agreement by which Garrett Brands will acquire Frango®, a distinguished, premium chocolate brand, from Macy’s, Inc. As the owner of Frango, Garrett Brands will develop, create, sell and distribute Frango products consistent with the brand’s legacy as a superior chocolate and confectionary brand. Macy’s, Inc. will continue to sell Frango products in the Frango Café at Macy’s State Street store in Chicago, at more than 350 additional Macy’s store locations in the United States, and online at macys.com. The Chicago and Seattle markets hold the greatest brand history, dating back to 1918, but over the years, the Frango business and awareness has grown to many other states through Macy’s, Inc. distribution and stewardship. click Read More below for additional detail
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1-800-FLOWERS.COM, Inc. Reports Top- and Bottom-Line Growth In All Three Of Its Business Segments For Its Fiscal 2017 Second Quarter

Total net revenues grew 1.1 percent, or $6.2 million, to $554.6 million for the fiscal 2017 second quarter ended January 1, 2017, compared with total revenues from continuing operations of $548.4 million in the prior year period. Revenue for the quarter reflected solid growth in the Company’s 1-800-Flowers.com and BloomNet segments, combined with modest growth in its Gourmet Food and Gift Baskets segment. Gross profit margin for the quarter increased 20 basis points to 46.3 percent, compared with 46.1 percent in the prior year period, this reflected strong gross margin increases in the Company’s BloomNet and Consumer Floral segments. Operating expenses, excluding depreciation and amortization, was unchanged at 27.3 percent of total revenues, compared with the prior year period. click Read More below for additional detail
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