After 118 years in operation, Wichita, Kan.-based McCormick Armstrong announced it is closing its doors. The company — which provides digital prepress workflow, web and sheetfed commercial and contract printing, digital printing, fulfillment services, mailing and complex distribution — just recently ranked No. 322 on the Printing Impressions annual list of the top 400 printing companies in the U.S. and Canada, reporting its most recent fiscal year's sales were $11.51 million, a 12% decrease from its previous year's report of $13.03 million. According to The Eagle, the company notified its employees on Feb. 20 that operations would cease and reported that Shaffer would provide more information about the closure this week. Click read more below for additional detail.
John Wiley and Sons Inc. and the Campbell Collaboration are pleased to announce that the Campbell Library has selected Wiley as its publishing partner beginning in 2019. Campbell is the pre-eminent international network publishing high quality, transparent, reliable and policy-relevant evidence syntheses and maps in the social sectors to promote positive social and economic change by enabling evidence-based policy and practice. These systematic reviews and evidence maps are published in Campbell Systematic Reviews, a fully open access online platform. The Campbell Collaboration reviews economic and social studies in diverse sectors, including: business and management, crime and justice, education, disability, social welfare and international development, food systems and food security. Click read more below for additional detail.
Barnes & Noble, Inc. announced its second #bookhaul Blowout, this time with even more select new releases, bestsellers, paperbacks, and kids’ favorites at 50% off to celebrate the coming of spring. Customers have six days to shop over 400 books in stores or online at BN.com, starting tomorrow, Wednesday, February 27, through Monday, March 4, while supplies last. Current Barnes & Noble Members as well as customers who sign up for Membership will get early access to the selection today only. Customers can celebrate their book hauls with fellow readers by posting their photos using the hashtag, #bookhaul. “We’re thrilled to launch our second national #bookhaul Blowout to share our love of books and reading with customers across the country,” said Tim Mantel, Chief Merchandising Officer for Barnes & Noble. Click read more below for additional detail.
Quad/Graphics, Inc. announced that its shareholders voted to approve the issuance of the Company’s class A common stock in connection with the Company’s previously announced acquisition of LSC Communications, Inc. Based on the results of the special meeting of the Company’s shareholders held on February 22, 2019, approximately 99.7% of the votes cast by the holders of the Company’s class A and class B common stock were voted in favor of the share issuance proposal. Click read more below for additional detail.
LSC Communications, Inc. announced that at a special meeting held on February 22, 2019, its stockholders voted to adopt the merger agreement and approve the previously announced combination with Quad/Graphics, Inc. More than 70% of the LSC Communications outstanding shares, and more than 98% of the shares voted, voted in favor of the merger with Quad/Graphics. Thomas J. Quinlan III, LSC Communications Chairman, Chief Executive Officer and President, said, “We thank the LSC Communications stockholders for their support of this combination. Together with Quad, we will be better positioned in the dynamic industry environment to efficiently serve our clients though a broader set of offerings to help meet and manage their needs. We look forward to continuing to work closely with Quad to bring this transaction to a close.” Click read more below for additional detail.
Containerboard production decreased one percent compared to January 2018. The month-over-month average daily production compared to December 2018 was 3.5 percent lower. The containerboard operating rate was 93.1 percent, 1.8 percentage points lower than the same month last year. Production for export was 16.6 percent lower than January 2018, dropping below 400 thousand short tons for the first time since June 2017.
Total Packaging Papers shipments were up 4.5 percent from January 2018. Bag & Sack shipments were down 2.5 percent month-over-month; Multiwall shipments were up 12 percent; Converting shipments were up 12.2 percent; and Food Wrapping shipments were up 2.4 percent. The operating rate for January increased to 92.5 percent compared to 87.0 percent in December 2018. Inventories decreased 2.4 percent since December and were 1.3 percent lower than the same month last year.
Total boxboard monthly production increased 4.1 percent when compared to January 2018. The total boxboard operating rate was 96.8 percent for January. Total Solid Bleached Boxboard and Liner production was up 10.0 percent year to date; Recycled Boxboard production rose 2.1 percent year to date; and Unbleached Kraft and Gypsum declined 1.3 percent year to date.
Total European shipments of graphic papers in December 2018 were down 8.1% vs. December 2017 and year-to-date shipments were down 5.4%. Total European shipments of newsprint in December 2018 were down 0.9% vs. December 2017 and year-to-date shipments were down 8.2%. Total European shipments of sc-magazine in December 2018 were down 3.9% vs. December 2017 and year-to-date shipments were down 5.8%. Total European shipments of coated mechanical reels in December 2018 were down 7.8% vs. December 2017 and year-to-date shipments were down 0.8%. Click read more below for additional detail.
“Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!” Trump, whose administration has sanctioned crude from Iran and Venezuela, tweeted. OPEC members and non-OPEC producers such as Russia are leading efforts to rebalance the market and support oil prices. Click read more below for additional detail.