Blackford Capital is excited to announce the acquisition of Kingsport Book. Kingsport Book is the second company in the book printing industry to be acquired by Printing Consolidation Company - a Blackford Capital portfolio company - which also owns Dickinson. Kingsport Book has developed a strong reputation as a high-end book finishing and fulfillment company, located in Church Hill, Tenn. In its 120,000-sq.-ft. facility, the company has developed an equipment platform that can flexibly service deluxe, trade, and soft-cover books at quantities ranging from one to a million. "The addition of Kingsport Book is in direct response to the needs of our customers. The ability to manufacture deluxe books domestically with very short-turn times, is one of the core requests we have heard from our customers base," says Aaron Day, CEO of Printing Consolidation Company (PCC) and Dickinson. Click Read More below for additional information.
A renewed contract with publishing company Scholastic will guarantee stability and viability for Waseca’s Quad/Graphics, which looks to take on around 20 new workers to meet the demand.
Scholastic has entered into a seven-year contract with the printing company, an agreement the Waseca facility’s Plant Director Randy Gordon says is unique in the industry.
“Most contracts are three to five years, tops,” Gordon said. “Most of the ones I see now are three years.”
This is due to fluctuations and disruptions in the industry.
“Publishers are apprehensive about signing long-term contracts because there are so many market fluctuations,” said Gordon.
But the long-term contract with Scholastic means stability for the Waseca plant.
“Scholastic’s happy with us. They like what we do for them, which means they’re going to be here for a while — which means we’re going to be here for a while,” Gordon said.
This benefits Waseca, Gordon says, with workers from the local plant, which employs around 560 people, spending money in town.
“A lot of people don’t see it this way, but Quad/Graphics gives back through everyone who works here,” Gordon said. “They buy utilities and homes — they’re a viable part of the community.”
The increased work to come from the new contract has led to the addition of two new machines in the plant, including a new collator to handle the increased workflow.
Quad/Graphics bought Brown Printing two years ago. Brown was a major employer and mainstay in the area for decades before being acquired by the Quad/Graphics, something Gordon understands and appreciates.
Gordon says Quad/Graphics has done community outreach of its own since it has moved into town. This includes donations to sources like the hockey arena and Waseca County Sleigh and Cutter and other work through the Waseca Area Chamber of Commerce.
While the plant acquired the beloved local company, Gordon feels that it has done what it can to retain that history through its workforce.
“What a lot of people don’t think about is that, when Quad bought the company, a lot of changes were made to processes and procedures, but the people who work here have not changed,” he said. “There wasn’t a large scale dismissal of people.”
more at: http://www.southernminn.com/waseca_county_news/news/article_9ed59292-a977-525c-8bfe-aff40a7046f6.html