LSC Communications Completes Acquisition of CREEL

Following the Superior Court's decision, rendered on April 20, 2022, dismissing its motion to nullify the City of Mirabel’s by-law on the distribution of printed advertising materials, and pending its appeal of this decision, TC Transcontinental (TSX: TCL.A TCL.B) is discontinuing its Publisac service in Mirabel. As already indicated by TC Transcontinental, the opt-in distribution model adopted by the City of Mirabel is not viable for the door-to-door distribution of Publisac. TC Transcontinental is therefore moving the distribution of its clients’ printed advertising material in Mirabel to Canada Post. "We find it very unfortunate to have to discontinue the distribution of the Publisac in Mirabel after more than 30 years of operations in the City, and we regret the disappearance of 16 jobs", said Patrick Brayley, Senior Vice-President, Distribution at TC Transcontinental. "It is important however to continue to allow the population to have access to the discounts offered by flyers, particularly in the context of high inflation, as well as to their local information, and for local businesses to be able to efficiently reach their audiences and compete against the giants of e-commerce."

Sun Chemical and its parent company, the DIC Corporation, will amend their existing transportation surcharge. In addition, and in order to reflect cost dynamics in the global energy market, an energy surcharge on the entire Color Materials portfolio will become effective from April 1, 2022. As the unprecedented pace of inflationary cost movements continues to impact the entire spectrum of raw material and packaging components for the color materials industry, without sign of stabilization in sight, the industry is also being hit by abrupt rises of energy costs, including electricity, gas and diesel, drastically impacting manufacturing costs and freights costs. “Our priority remains to keep supplying our customers, allowing them to keep their facilities operating,” said Stefan Sütterlin, President, Global Color Materials. “We continue to leverage our global network to secure our manufacturing and services efficiency. However, the magnitude of recent energy related inflation cannot be absorbed and requires us to implement surcharges. The situation will need to be adjusted as it goes, and we can assure our customers that surcharges will be phased out as the situation allows.”

Sun Chemical’s Color Materials division opened a state-of-the-art, energy-efficient mixing plant in Cologne, Germany. Sun Chemical Color Solutions, the masterbatch business of the Color Materials division, is responsible for the development, manufacture, and distribution of masterbatches to the plastics industry. The new mixing plant enables Sun Chemical to produce more efficiently and meet the plastics industry’s increasing quality requirements. Digitalized and automated processes, along with optimized internal transport routes, allow Sun Chemical to react more quickly to changes in customer requirements. The facility comprises over 1,700 square meters of floor space to ensure an increase in production capacity.