Cenveo Announces Successful Management Buyout (piworld.com)

Electronics For Imaging, Inc., announced the EFI™ VUTEk® h3+ and VUTEk h5+ hybrid flatbed/roll-fed LED printer series with enhanced printing and media handling capabilities. The VUTEk h+ series is a re-engineered and refined version of the high-volume, superwide-format hybrid VUTEk h series platform. The enhancements made for the VUTEk h+ series offer improved productivity, print quality, reliability, capability, and profits. “We are excited to bring these new printers to market,” said Todd Zimmerman, SVP/GM Display Graphics & OEM Ink of EFI. “VUTEk printers have been the leader in the hybrid category in signs and display graphics for more than two decades, with more than 300 installations worldwide. The VUTEk h+ series answers some of the key pain points for our customers, all while improving ease of use and offering the LED environmentally friendly benefits you expect from EFI VUTEk technology.”

Cenveo, Inc. announced that it has reached an agreement with its major stakeholders to clear the path for approval of the Company's first amended plan of reorganization, which will enable the Company to emerge from Chapter 11 this summer. The Plan of Reorganization has the support of over 70% of the Senior Secured Noteholders, the holders of certain funds and accounts under management that collectively own or control a percentage of the Company's senior secured first-in, last-out notes, who also hold a percentage of the first lien notes, second lien notes, and senior unsecured notes, as well as the support of the Unsecured Creditors Committee whose members consist of trade creditors, the Pension Benefit Guaranty Corporation, certain unions, and the indenture trustee for the unsecured noteholders. A hearing before the United States Bankruptcy Court for the Southern District of New York is scheduled for June 7, 2018 for the Company to seek approval of its first amended disclosure statement and to establish the voting procedures for the Plan of Reorganization. The terms of the Plan of Reorganization will enable the Company to exit Chapter 11 with a highly deleveraged balance sheet, which will allow the Company to focus on its operations and grow its businesses. Click Read More below for additional information.

Worzalla has announced the completion of its modernization and expansion plan. In October 2019, Worzalla had declared it would be investing $12.5 million in new machinery and capital improvements to the company’s headquarters in Stevens Point, Wisconsin. “In Worzalla’s long history, we have always adapted and evolved to be leaders in our industry and deliver for our customers,” said Jim Fetherston, President and CEO at Worzalla. “We’re proud to celebrate this milestone and the completion of the modernization and expansion plan as we look ahead to the next 125 years.” Worzalla honored the occasion with a small virtual ribbon cutting ceremony featuring partners and customers from across the book printing industry.