Supremex Inc., a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, announced today the acquisition of the shares of Impression Paragraph Inc. (“Paragraph”), an integrated provider of paper-based packaging, print and point of sale products for a broad range of commercial markets. The transaction was concluded for a total consideration of approximately $26.6 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the Company’s existing credit facility. Founded more than 35 years ago, Paragraph operates two facilities located in Ville-Saint-Laurent and Saint-Hyacinthe, Québec. Its offering consists primarily of folding carton packaging and point-of-sale displays for the cosmetic, pharmaceutical, food, confectionary and retail sectors. It also provides an array of commercial, digital and wide-format printing. For the 12-month period ended October 31, 2022, Paragraph generated sales of approximately $38.6 million.
FCL Graphics, located in suburban Chicago, has upgraded two of their commercial web offset presses with color control and ink delivery technology from Baldwin Vision Systems. Technology upgrades on these first two full-web presses resulted in significantly higher print quality and an immediate 50% reduction in waste. Based on these results, a third upgrade on a half-web press is scheduled for August of 2021.
According to Kurt Kunde, FCL’s Vice President of Operations, “We have presses that have been in operation for 15-18 years and are mechanically very sound. We basically scrapped everything on the machines from a controls standpoint, replaced it with the Baldwin Vision Systems technology, and made them brand new presses overnight.” The full-web presses are Harris M1000s and the half-web press scheduled for upgrade in August is a Harris M110B. “Our very experienced press operators love the systems,” said Mr. Kunde, “and because the interfaces are so easy to use, we’re able to train new operators more quickly.”
more at source: https://www.piworld.com/article/fcl-graphics-commercial-web-offset-presses-reduction-in-waste/