Electronics For Imaging, Inc. (Nasdaq:EFII) announced today the acquisition of Escada Systems (Escada), a leading provider of Corrugator Control systems for the packaging market. Based in the United Kingdom and with operations also in the United States, privately held Escada brings a strong reputation for innovation and vast experience in helping packaging companies to achieve greater productivity, quality and profitability. EFI is a market leader in providing a complete ecosystem for corrugated production, that includes the EFI Nozomi C18000, an ultra-high-speed single-pass LED inkjet press powered by the award winning Fiery DFE together with leading edge inks, and the EFI Corrugated Packaging Productivity Suite, the market's first end-to-end software offering for business management and manufacturing execution, which is gaining global momentum, serving corrugated packaging companies around the globe. The addition of Escada's technology and expertise will enable EFI to expand the Productivity Suite's value to sheet feeders and full corrugated box plants, to also include comprehensive control and traceability for the entire corrugation process. Click Read More below for additional detail.
AWPPW Local 675 and WestRock will be returning to the bargaining table November 6 and 7 to resume negotiations after union members rejected the Company’s initial offer for a new Labor Agreement by 94%. Major items cited by the Union as causes for the overwhelming rejection by the membership include proposed seniority changes, increased medical cost, elimination of premium pay provisions and maintenance redesign.
AWPPW Local President Bob Booth says “While the WestRock Covington mill consistently produces huge profits every year, WestRock refuses to treat the workforce fairly. No matter how dedicated and hardworking we all are and no matter how much money we make for WestRock the company wants concessions.”
The Union and Company have been engaged in negotiations for the last 24 months and extended the existing agreement for one year in December 2015.
The Covington mill produces bleached packaging papers for the tobacco and food industries.
The AWPPW is affiliated with the United Brotherhood of Carpenters union.