The production inkjet market is entering its 12th year, with no retirements of inkjet presses in sight. The technology has lived up to its promise of upgradeability, and these heavy machines have lived up to their projected durability. With virtually no retirements, the installed base is growing at rates well beyond other similar age digital printing markets. As the technology expands the substrates it can print on, and its owners become more adept at shifting volume from both toner and offset, the average monthly print volume per machine is also increasing. Combine both the growing installed base, plus a growing monthly print volume per machine, and one obtains a page volume growth curve rarely seen in print markets. About one-third of the growth of inkjet pages can be attributed to a transfer from digital toner to inkjet technology. Another one-third can be attributed to replacement of offset pages (mainly in books), and one-third can be attributed to the creation of new pages — pages that couldn’t be printed before because offset wasn’t able to vary the information on the page and toner was not productive enough to print sufficient pages with variable data. Click Read More below for additional detail.
Ennis, Inc., announced that one of its wholly owned subsidiaries has entered into a Letter of Intent to acquire the assets of Integrated Print & Graphics (IPG) in South Elgin, Ill., a suburb of Chicago. IPG has been in the Chicago marketplace since the 1970s and does about $20 million in sales annually. The Ennis subsidiary, operating under the IPG brand and name, will lease the current facility from the current owner for several years with options to renew. The current owner, Gary Mozina, will not continue as an employee of IPG. The employees will continue their employment with the newly acquired IPG and produce the same products with the same quality and attention to customer service as before. Ennis believes that the acquisition will be accretive to earnings in the current year. Ennis expects to sign and close the Asset Purchase Agreement effective the close of business March 16, 2019. Click Read More below for additional detail.
Edward Enterprises Inc., an employee-owned company in Honolulu, Hawaii, recently installed three digital presses -two Versafire CMs and a Versafire EP- of Heidelberger Druckmaschinen AG (Heidelberg) as an affordable solution to expand the company’s capacity. When it was time for Edward Enterprises Inc. to replace its competitive digital press, it looked at every option on the market to the find the perfect match. Now printing with a new toner formula and an image resolution of 4,800 x 2,400 dpi, the Versafire EP stood out amongst other manufacturers’ digital equipment for its advancements in quality and color. According to Sanford Morioka, Vice President of Sales at Edward Enterprises Inc., “We looked at the Versafire press in the past, but the machine just wasn’t up to our standard for our color variable data printing needs. When we looked at the Versafire EP this time, we were completely stunned with the improvements in quality and speed on the press. Plus, knowing it was backed by Heidelberg was a huge win for us.” Click Read More below for additional detail.
TC Transcontinental is pleased to announce the appointment of Magali Depras to the position of Chief Strategy Officer. Ms. Depras serves on the Executive Management Committee of the Corporation. In addition, effective April 1st, 2019, Mr. Alex Hayden will be joining the Packaging Sector of the Corporation, as Senior Vice President, R&D, Innovation and Sustainability, TC Transcontinental Packaging. As Chief Strategy Officer, Ms. Magali Depras oversees the development and implementation of annual and long-term strategic plans. In support of the Corporation’s commitment to operating its activities sustainably, she also leads corporate social responsibility (CSR) initiatives, including our corporate ambitions in the area of sustainability, and is tasked with aligning the CSR plan with TC Transcontinental’s business strategy. In his role, Mr. Hayden will be responsible for R&D and Innovation, where he will oversee the development and commercialization of differentiated products and eco-responsible packaging solutions for customers. As TC Transcontinental is poised to make strides towards a circular economy for plastics, Mr. Hayden will work closely with Ms. Depras to achieve the Corporation’s objectives in light of its pledge to the New Plastics Economy Global Commitment. Click Read More below for additional detail.
John Roberts Chairman and CEO Michael Keene has been a member of the same industry peer group as James "Jim" Sandstrom, president and CEO of HM Graphics, for more than two decades. So, when the opportunity to acquire select assets of what Keene describes as " a great company" that had run into financial problems presented itself, Keene forged ahead, despite the fact that John Roberts has historically not been an active player on the M&A front. JR1, a subsidiary of Minneapolis-based The John Roberts Co. group, acquired the largest assets — namely HM Graphics' nearly 100,000-sq.-ft. Milwaukee facility, its receivables and trade name — and will keep the West Hicks Street printing operation open as a viable business. Keene said the vast majority of HM Graphics' less than 100 employees are staying on board, including five of the original eight Sandstrom siblings who still remain active in the 50-year-old business. While HM Graphics' sales had peaked to about $25 million at one point, current revenues had declined to the $17 million to $18 million range, Keene added. Click Read More below for additional detail.
Angstrom Graphics, a division of the Angstrom Group, has signed a multiyear contract extension with News America Marketing. The agreement extends the partnership these two industry leaders have had for more than 3 decades. This extension, worth $30 million, ensures that Angstrom will continue to provide custom print and fulfillment services to one of the nation’s premier marketing service companies through their network of over 58,000 retail stores. “Angstrom Graphics is extremely pleased to have extended this partnership with News America”, said David Neumann, President and CEO of Angstrom Graphics. “The partnership we have with News America utilizes all of our manufacturing platforms; digital, web, sheetfed, LED UV printing and fulfillment. Servicing News America and other retail and franchise clients with our complete capabilities remains a core value of our business. We look forward to growing our business with News America and continuing to provide them with high quality service, products and value across the breath of our facilities.”
Southeastern Printing, one of the largest printing and marketing solutions providers in Florida, recently announced a large-scale reinvestment. Southeastern has been providing marketing solutions for nearly a century for a variety of companies, including both local and national Fortune 500 corporations. The company’s success is largely due to their enduring mantra of simplifying the complex and embracing the role of stewards of their clients’ brands. Kicking off the new year, the recently-installed Komori 8-color perfector press allows for two-sided printing in one pass, delivering 30,000 printed sides per hour with robust color reproduction using LED UV-cured inks. The press is well suited for high-volume catalogs, magazines and brochures. LED UV inks cure almost instantly shortening the overall production cycle. Click Read More below for additional detail.
They still exist, the small companies that make good money with successful business models. What is their formula for success in the era of online print shops, industry consolidation, and increasing industrialization? They have certain things in common: they are generally owner-managed family businesses with strong customer loyalty and above all a business model that is difficult to replace due to specialization. Furthermore they use the latest and most innovative technology to be able to grow in this niche and always offer the customer the best. For production they need machines that combine flexibility and a wide variety of substrates. The Speedmaster SX 52 from Heidelberger Druckmaschinen AG (Heidelberg) has proven itself in this respect in small-format offset printing in the 30x50 format. With the innovative LED UV drying technology , it also delivers the advantages of a dry sheet in the delivery and therefore immediate finishing. The end customers reap the benefits in the form of high quality, impressive finishing effects, and fast delivery. Click Read More below for additional detail.
Stouse, LLC announced that Clay Davis has been named president and CEO of the company, effective immediately. Davis is succeeding Bruce Reed, who has announced his retirement after 14 years of leading the organization and will remain active on the company’s Board of Directors. Davis will be responsible for guiding the next phase of Stouse’s growth and corporate development. Davis has more than 25 years of experience in senior leadership, sales and marketing roles in the packaging, printing and food manufacturing sectors. He most recently served as VP and GM for Flint Group North America’s packaging business, and has served in leadership positions with some of the most well-known consumer brands in the country. Click Read More below for additional detail.
For almost 85 years, in the face of evolving technology and the digital era, Allen Press has kept the presses rolling. Founded in 1935 in Lawrence, Allen Press is a publishing and printing company of 175 employees that specializes in publication and commercial printing as well as scholarly publishing and marketing services. Its scholarly publishing unit creates, edits and prints scientific and academic journals for hundreds of nonprofit societies around the world. With last year’s addition of a new in-house marketing agency, Allen Press has expanded its digital marketing and web development services to offer comprehensive strategies for clients. “We do all our marketing and design in-house now, and we’re looking to repurpose that model for clients and publishers,” said Taylor Fulton, senior manager of marketing services. Click read more below for additional detail.