Second quarter net sales were $848 million, down $58 million, or 6.4%, from the second quarter of 2016. After adjusting for the December 2, 2016 acquisition of Continuum and the March 1, 2017 acquisition of Hudson Yards, changes in foreign exchange rates, and pass-through paper sales, organic net sales decreased 6.8% from the second quarter of 2016. The decrease in organic net sales was due to lower volume and price declines in both the Print and Office Products segments.
EO Johnson Business Technologies has acquired print finishing equipment and media solutions company Standard Dynamics, based in Burnsville, Minn. The move extends EO Johnson’s Production Print division to include additional finishing equipment, supplies, service, and expertise for the benefit of customers. The acquisition was finalized Jan. 3, 2020.
“With the acquisition of Standard Dynamics, we will be able to provide broader expertise than ever before to our clients,” explained Mary Jo Johnson, CEO and owner of EO Johnson Business Technologies. “For more than 85 years, Standard Dynamics has been a successful provider of print finishing equipment, and their expertise is a perfect complement to our existing world-class production equipment and wide-format systems. Clients will have more choices than ever before, including expansion into paper folders and cutters, perfect binders, saddle-stitchers and booklet-makers.”
Standard Dynamics brings an award-winning team of experts in print finishing and packaging equipment, printable media, CNC machining, and metal fabrication. Companies who depend upon Standard Dynamics for these technologies will continue to receive the highest level of customer service and have access to the expanded range of products and services that EO Johnson provides. This combined offering creates a one-stop shop for production printing needs, from start to finish.
more at: https://www.piworld.com/article/eo-johnson-business-technologies-acquires-standard-dynamics/