Recent Actions: *Quad completed the sale of its Versailles, Ky., book manufacturing plant, to CJK Group, Inc., which serves book, magazine, catalog, and journal publishers. This initiative was the first step in the previously announced strategic decision to divest the Company’s book business to optimize its product portfolio. Quad expects to use the proceeds from the sale to reduce debt. *The Company obtained an amendment to its existing April 28, 2014, senior secured credit facility that widens the leverage ratio by an estimated 0.75x to 1.0x turn through the third quarter of 2021. As a part of this agreement, Quad maintains the ability to complete certain acquisitions during the relief period and has agreed to reduce the revolver capacity, which was previously expanded to support a subsequently terminated acquisition, from $800 million to $500 million. The agreement’s maturity remains January 2024, and Quad’s next nearest debt maturity is the 7% senior unsecured notes due May 2022. *Quad recently strengthened its leadership team at its integrated marketing agency, Periscope, with the addition of new President, Cari Bucci-Hulings. Bucci-Hulings is an industry expert who has driven highly successful product development and business growth platforms, and most recently served as President of MARC USA, one of the largest independent agencies in the country. *The Company also continues to scale Accelerated Insights, its proprietary virtual testing platform, to help clients in multiple industry verticals predict which combination of format, offer, message and imagery will be most effective in print. The unparalleled testing methodology drives improved response at a fraction of the time and cost of traditional testing. Quad recently brought aboard senior-level data analytics and business insights talent to expand the solution beyond direct mail and catalogs to packaging and other retail uses.
Allen Press, Inc. is the recipient of seven awards from Printing Impressions’ 2017 Gold Ink Awards. Printing Impressions announced the winners in Philadelphia, Pa. on September 6.
The Gold Ink Awards is the industry’s most prestigious print competition with thousands of entries submitted each year from printers around the nation. Top printers submit categorical representations of their best work, which is then evaluated by a panel of expert judges.
Allen Press’ submissions received two gold winners, two silver winners, one bronze winner and two pewter winners. As further recognition of its continuing commitment to serve the scholarly market, Allen Press swept the Scientific and Technical Journal category – winning awards in gold, silver, bronze and pewter. Proving regardless of size its capabilities, expertise and determination in that arena are second to none. Not only did the Allen Press winning entries surpass competitors based on print and finishing quality, technical difficulty and overall visual effect, the work also showed what is possible for other creatives in the printing industry.
“These awards are a testament to all the new technology we’ve implemented and most importantly, the hard work and elbow grease that our employees put into their jobs and customer relationships every day,” said Allen Press CEO, Randy Radosevich. “For a company of our size, this is a huge achievement, and we are proud to be recognized as one of the best and most capable in our industry.”
“What was most thrilling to discover, is as we open our arms to serving more types of customers we find ourselves sought after and winning those awards too,” Radosevich added.
As a 2017 Gold Ink Award recipient, Allen Press and its clients will earn significant recognition for being a world-class provider of print, publishing and marketing services through the Printing Impressions magazine, website and social platforms.
The Allen Press 2017 Gold Ink Award winners include:
Three By Three Illustration Annual – Specialty Magazines, Sheetfed
Mineralogical Record N’Chwaning – Scientific & Technical Journals
Creative Quarterly – Specialty Magazines, Sheetfed
Orchids February 2017 – Scientific & Technical Journals
Mineralogical Record Berezovsk, Russia – Scientific & Technical Journals
Arabian horse Times – Specialty Magazines, Web
Hoover Digest Spring 2016 – Scientific & Technical Journals
View the full list of categories and winners at http://www.piworld.com/extension/gold-ink-awards/.