GAA Announces Sale of Richardson Communications to Kingston Printing (whattheythink.com)

Kansas City, MO-based Richardson Communications Group, a leading printer in the Midwest for nearly a century, has been acquired by Kingston Printing, Eudora, KS, which recently celebrated its 30th anniversary as a premier, independent commercial printer. Graphic Arts Advisors, LLC (GAA), Mountain Lakes, NJ, a strategic financial advisory and consulting firm devoted exclusively to all sectors of the graphic communications industry, represented Richardson in the transaction. GAA Director Michael Wurst served as lead advisor on the engagement, with Mark Hahn, GAA Senior Managing Director, providing support. John Hyde, Esq., GAA Managing Director, is advising Richardson on the post-sale wind-down and creditor settlement negotiations.

Combining Richardson’s customer relationships and capabilities with Kingston’s operations creates a full-service, robust company offering clients a broad spectrum of printing and marketing services. With similarities in terms of 2019 sales volume ($5.2 million for Richardson and $6 million for Kingston) and number of employees (Richardson with 35 and Kingston with 36), the two firms had different areas of specialty and equipment. Kingston will now incorporate Richardson’s client-branded online storefronts and materials fulfillment services, a 40-in. perfector, and a 40-in. flatbed die cutter. Richardson’s customers can now benefit from Kingston’s expertise in direct-mail marketing, variable data printing, and wide format printing. The going-forward organization will operate out of Kingston’s company-owned Eudora plant with a new separate facility to house Richardson’s robust fulfillment services.

Jim Barker, Richardson owner, joins Kingston as Executive Vice President and is helping with transitioning Richardson’s customer base to Kingston. About 75% of Richardson’s staff is now employed by Kingston. Barker found positions in other companies for most of the remaining employees. “It was important to me to provide continuity for my staff,” he noted.
more at source: http://whattheythink.com/news/101627-gaa-announces-sale-richardson-communications-kingston-printing/?utm_source=newsletter&utm_medium=email&utm_campaign=daily

Related Posts

Canon U.S.A. Unveils the Next Generation Monochrome Digital Presses of the Océ VarioPrint 6000 Series Platform

Addressing the market demands for increased productivity and extended media capabilities, Canon U.S.A., Inc., a leader in digital imaging solutions, unveils the Océ VarioPrint 6000 TITAN Series of sheetfed monochrome production presses at PRINT 17. Set to be available in the Americas in 2018, the TITAN Series builds off the success of the Océ VarioPrint 6000 Series featuring a range of technology innovations designed to help further enhance productivity, quality and media versatility, while maintaining best-in-class environmental performance.1 The technology has been developed to help print service providers who operate in the commercial, publishing and transactional segments to produce high-quality black and white prints at increased speeds while using a wider selection of media weights and formats. The TITAN Series presses build on the well-established Océ VarioPrint 6000 platform, which set a new bar for monochrome digital production when it was first launched a decade ago. Its unique Gemini Instant Duplex Technology is still unmatched to this day. Click Read More below for additional detail.

Modern Litho Expands With The Addition of Direct Impaqt of Columbia, MO

Modern Litho, a nationally recognized full-service commercial printer and mailer based in Mid-Missouri, announces it has signed a letter of intent to acquire Direct Impaqt, formerly Mail & More and Brake Printing, of Columbia effective October 2, 2023. Both companies have served the Columbia market for many years providing offset and digital printing, finishing, and direct mail. Direct Impaqt’s production operation complements Modern Litho’s offerings and expands its footprint to include six production facilities located in Mid-Missouri, St. Louis and Kansas City. “Direct Impaqt has had a successful presence in the regional print industry for many years with well-established customer relationships and high standards of service. We are grateful for the opportunity to continue this commitment to customers, new and existing, while supporting a full-service print production facility in Columbia,” commented Jeff Davidson, Modern Litho President.

RRD Confirms Receipt of Unsolicited Proposal from Chatham Asset Management

R.R. Donnelley & Sons Company announced that it has received an unsolicited proposal from Chatham Asset Management, LLC ("Chatham") to acquire all of the outstanding shares of RRD for $7.50 per share in cash. Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the RRD Board of Directors will carefully review and consider the Chatham proposal to determine the course of action that it believes is in the best interests of the Company and RRD shareholders. RRD shareholders do not need to take any action at this time.
Back To Top
×Close search
Search