Envision3, a full-service offset and digital printing, packaging, mailing, and finishing company in Bloomingdale, Ill., has acquired mailing services, variable printing and fulfillment provider Direct Mail Solutions (DMS), of Carol Stream, Ill. Graphic Arts Advisors, LLC (GAA), Mountain Lakes, N.J., a strategic financial advisory and consulting firm devoted exclusively to all sectors of the graphic communications industry, represented DMS in the sale. GAA Director Mitch Evans served as lead advisor on the transaction, with GAA Managing Director Mark Hahn providing support. The acquisition reflects a growing industry trend toward firms providing a full roster of services rather than focusing on one or two capabilities. “As more and more printers add mailing services and lettershops add digital printing capabilities, a convergence is occurring,” noted GAA’s Hahn. “Acquisition is often the best and fastest route for printing companies seeking to build deep mailing services expertise, and we are seeing continued transactional activity along those lines.” Click Read More below for additional detail.
Terry Webber, AF&PA Executive Director, Packaging - “Paper receipts are made from a renewable resource: trees. The environmental and health risks cited in California State Assembly bill AB 161 ignore fundamental recycling capabilities and are based on misleading and unsubstantiated statements and should not be enshrined in California law. Paper receipts are not only fully recyclable, they are routinely collected throughout California to be recycled, just as magazines, catalogs, mail and office papers. Furthermore, concerns about exposure to paper receipts is unfounded, and ‘health risks’ are only being perpetuated by false claims and scare tactics. The fact is paper receipts remain the preferred choice by both retailers and customers." Click Read More below for additional detail.
Bertelsmann further accelerated its growth last year: Driven by the positive development of its digital businesses and creative successes such as Michelle Obama’s memoir “Becoming,” in 2018 the Group recorded its strongest organic growth in six years. Strategic milestones included the creation of Majorel, a global CRM group, and the continued expansion of the education business. The international media, services, and education company expects continued growth in the current year. Bertelsmann’s revenues for 2018 rose to its highest level since 2007, up by 2.8 percent year-on-year to €17.7 billion (previous year: €17.2 billion) – despite negative exchange-rate effects. The main drivers were RTL Group, which posted a new revenue record, Penguin Random House, BMG, Arvato, and the Bertelsmann Education Group. Organic growth was 2.7 percent. The Group’s growth platforms – in particular the digital activities of RTL Group and Gruner + Jahr, Fremantle, BMG, Arvato SCM, Arvato Financial Solutions, and Bertelsmann Education Group – grew organically by 10 percent. Click Read More below for additional detail.
Oil rose towards $68 a barrel on Tuesday as OPEC supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to an economic slowdown. The price of global benchmark Brent crude has risen about 25 percent in 2019, supported by supply curbs by the Organization of the Petroleum Exporting Countries plus allies, and involuntary losses due to U.S. sanctions on Iran and Venezuela. "It appears that concerns about demand have taken something of a back seat," Commerzbank analyst Carsten Fritsch said. "Instead, market participants are focusing on the tight supply situation again." Click Read More below for additional detail.
Cascades, a leader in the recovery and manufacturing of green packaging and tissue products, is proud to unveil its new brand for retail solutions: Cascades IMGN retail solutions TM. The diverse IMGN portfolio comprises POS, displays, consumer and shelf-ready product packaging, all of which used to improve in-store brand impact. The total offer includes high-resolution colour printing via flexography, lithography and digital. It brings you unparalleled colour intensity and printing precision. "Cascades IMGN is the result of major investments, in both Canada and the United States , to acquire cutting-edge technology — and of the exceptional work done by our teams. Backed by a diversified, integrated range of products, this new brand offers a wealth of solutions for the most challenging needs of customers and distributors who want distinctive brands, personalized consumer experiences and high-quality colour printing," said Mario Plourde, Cascades President and Chief Executive Officer. Click Read More below for additional detail.
Clearwater Paper Corporation introduced NuVo®, a new brand of cup stock paperboard that provides foodservice operators choice and differentiation through customized material to fit their specific brand needs. The newly-branded cup stock paperboard is now available to Clearwater Paper’s customers. “We are excited to introduce NuVo to our customers, with a quality standard that we believe stands apart from any other paperboard cup product in the market,” said Steve Bowden, senior vice president of the pulp and paperboard division. “Our newly-branded NuVo products are an important part of our plan at Clearwater Paper to offer innovative and sustainable solutions that fit the evolving needs of our customers.” Click Read More below for additional detail.
Why we’re having the wrong conversations about print’s future. Apologies for what follows. You’ve caught me staring in the face of the devil. That’s one of the things I’m staring at. The other is a big stack of New Yorkers. Unthumbed-through. It’s 15 issues deep. Not for the reason we all sometimes have magazines piled up. It’s not that I’ve squandered time watching “The Bachelor.” It’s not that they’re unread. No, it’s that they’re unnecessary for the same reason that my expensive camera is stowed in some closet and my alarm clock is dusty and I no longer have a travel agent or Yellow Pages or even a single folding map. Click Read More below for additional detail.
A Lithuanian man and associates developed an email phishing scheme that would eventually lead Google and Facebook to pay out about $120 million in two years. The breakdown netted $23 million from Google in 2013 and $98 million from Facebook in 2015, according to Bloomberg. Evaldas Rimasauskas, who led the phishing attack, sent fake invoices via emails to employees of Google and Facebook, pretending to represent Taiwanese hardware maker Quanta Computer. The emails from the scammers told Facebook and Google workers that the companies owed Quanta money, and then instructed them to make payments to a bank account controlled by them. Click Read More below for additional detail.
Tronox Limited, a global mining and inorganic chemicals company, confirmed that the Federal Trade Commission has withdrawn the Company’s proposed acquisition of the titanium dioxide (“TiO2“) business of The National Titanium Dioxide Company Limited (“Cristal”) from adjudication for the purpose of considering the related proposed Consent Agreement. Should the proposed Consent Agreement receive final approval by the Commission, the transaction would then be able to be consummated. The transaction, modified to include the proposed divestiture of Cristal’s North American TiO2 business to INEOS Enterprises, a division of INEOS, has garnered widespread support from Cristal and Tronox’s North American pigment customers.
In support of the company’s broader Corporate Social Responsibility (CSR) platform focused on family health and wellness, Kohl's announced it will donate $5 million, over four years, to Children’s Hospital of Wisconsin to help launch a multi-year mental health strategy to improve mental health services for Wisconsin kids and their families. The grant will directly address the state’s need for greater access to mental health services for children and generate awareness about the impact a child’s mental health has on his or her holistic well-being. “Kohl’s shares Children’s Hospital of Wisconsin’s commitment to children’s health and wellness, and we’re proud to elevate our nearly 20-year partnership with this amazing institution,” said Michelle Gass, Kohl’s chief executive officer. “We applaud the efforts Children’s Hospital of Wisconsin is making to break down barriers and increase access to services and resources that support mental wellness by addressing stress, anxiety, trauma, depression, and other issues that so many kids across the country face today.” Click Read More below for additional detail.