Topping the annual honor roll of the Printing Impressions 400 are its “Fast Track” companies: those with significantly higher rates of year-over-year revenue growth than the majority of other listees. One of the six exceptional strivers are profiled here. Modern Litho may be unique among printers in using a downloadable red paper airplane to convey its mission, vision, and values. One way the 82-year-old company has set its growth soaring is by always striving to be, as President and CEO Darrell Moore expresses it, “relational, not transactional” in its dealings with customers. That means doing whatever it takes to maintain a significantly high rate of customer retention because, as Moore explains, “we all know it’s much more effective to retain an existing customer and grow business in that account than to acquire a new one.”
LSC Communications, Inc. announced that it received notification from the New York Stock Exchange (the “NYSE”) that the NYSE has determined to commence proceedings to delist the Company’s common stock (the “Common Stock”) from the NYSE and that trading in the Common Stock on the NYSE has been suspended, effective immediately. The NYSE reached its decision pursuant to Rule 802.01B of the NYSE Listed Company Manual because the Company did not meet the NYSE’s continued listing standard that requires listed companies to maintain an average global market capitalization of at least $15 million over a period of 30 consecutive trading days. The Company anticipates that its Common Stock will begin trading on the OTCQX® Best Market under the symbol “LKSD”. The transition to the OTC markets will not affect the Company’s business operations or its Securities and Exchange Commission reporting and does not conflict with or cause an event of default under any of the Company’s material debt or other agreements.
Walsworth announced today it will acquire Ripon Printers in Ripon, Wisconsin, on Dec. 31, 2019. The purchase of Ripon Printers will enhance Walsworth’s print manufacturing capabilities, giving customers additional printing, direct mail, fulfillment and digital communications options. The Ripon Printers plant will remain open and regular production schedules will continue as planned, but will operate under the Walsworth brand beginning Jan. 1, 2020. “Walsworth and Ripon Printers share a similar history and culture,” said Don Walsworth, President of Walsworth. “Like us, they have a long history as a family-owned company focused on meeting the needs of their customers, employees and communities.”
Royle Printing is committed to giving back to the local community and this month the printer has chosen to partner with Badger Childhood Cancer Network (BCCN) to provide Christmas gifts to five local families in need whose child is undergoing cancer treatment. BCCN is a local organization that educates, supports, serves and advocates for children and their families dealing with childhood cancer and life-threatening blood disorders. “We are blessed to have so many individuals and organizations who are generous with adopting a family or two to help make the holiday’s easier,” said Executive Director Susannah Peterson. “Royle Printing’s contribution will make a difference to these children undergoing cancer treatment and their families during this difficult time.”
This holiday season, Worzalla encouraged its associates in Stevens Point, Wisconsin, to volunteer as bell ringers at the iconic Salvation Army red kettles to raise funds for the organization’s mission to serve those in need. The red kettles, stationed at various locations across Portage County and all over the country, are intended for passers-by to drop spare change into. According to research from the organization, an average of $100 per hour is collected at a Salvation Army red kettle if it has a bell ringer and only $5 per hour if unattended. Worzalla offered its associates excused time to volunteer during their regular shifts in two-hour intervals to encourage donations. “As an employee-owned company, we are always looking for opportunities to support the local community, especially those in need,” said Brianne Petruzalek, Director of Human Resources at Worzalla. “We are proud of the efforts of our associates to raise funds for such an impactful organization.”
Revenues increased by $415.3 million, or 15.8%, from $2,623.5 million in fiscal 2018 to $3,038.8 million in fiscal 2019. This increase is essentially attributable to acquisitions, in particular that of Coveris Americas, which contributed $643.4 million to revenues. It was mitigated by the impact of the accelerated recognition of deferred revenues recorded in 2018 in the Printing Sector, the decrease in volume in the Printing Sector as well as the effect of the sale of the California newspaper printing operations. Net earnings decreased by $47.3 million, or 22.2%, from $213.4 million in fiscal 2018 to $166.1 million in fiscal 2019. This decrease is due to the previously explained decline in operating earnings as well as higher financial expenses, partially offset by a decrease in income tax expense.
Ripon Printers further expanded its digital printing and production capabilities by acquiring a new Ricoh Pro C9210 color sheetfed printer and a Plockmatic PBM500 booklet maker. The digital press, scheduled for installation by year end. Of special significance to print marketers is the Ricoh’s ability to deliver consistent, repeatable, superb color and image quality. The system is also compatible with Ripon Printers’ XMPie software, which provides powerful variable data one-to-one marketing solutions for print and cross-media campaigns. The Plockmatic PBM500 likewise represents the latest generation in modular inline booklet making. It can stitch and fold up to 50 sheets, creating booklets of up to 200 pages.
Siegwerk, one of the world’s leading providers of printing inks for packaging applications and labels, has opened a new fully automated facility for the production of customer inks at its headquarters in Siegburg today. With this commissioning, the new Blending Center is now the largest fully automated production facility for printing inks in Europe. “The opening of this facility is an unparalleled milestone for us. It is a key component in our global production network a big step forward,” says Herbert Forker, CEO at Siegwerk, in his opening speech. The new blending facility is equipped with state-of-the-art technology, serving as an example for the networked Industry 4.0.
Stephens is an experienced association leader and industry expert who comes to Allen Press with extensive knowledge of non-profit fundraising and association management. Her experience, coupled with a strong background in donor acquisition and retention, makes her a valuable resource for Allen Press’ association and scholarly publishing clients. “Elizabeth’s background in fundraising, leadership and association development makes her an excellent addition to our business development and association management teams,” said Maria Preston-Cargill, Executive Vice President at Allen Press. “She has an impressive track record in the non-profit sector and will be an exceptional resource for our clients.”
TC Transcontinental, owner of the Publisac, is responding today to recommendations made by the City of Montréal’s Commission sur l’eau, l’environnement, le développement durable et les grands parcs (Commission on Water, Environment, Sustainable Development and Large Parks) regarding flyer distribution control on its territory, which were publicly presented this evening. “We are disappointed with the recommendations made by the Commission which are insensitive to the needs of the population, incoherent and unworkable,” stated François Olivier, President and Chief Executive Officer of TC Transcontinental. “By recommending the opt-in, which would mean the end of the Publisac, the Commission is disregarding the will of the vast majority of citizens, merchants and local newspaper publishers who want its continuity, as well as the thousands of jobs that depend on it in Montréal and in the regions. At the same time, we are not surprised by these recommendations given the nature of debates at the Commission. It is unfortunate that the social and economic relevance of the Publisac ecosystem was not seriously considered by the Commission.”