Highlights •Revenues increased by $280.2 million, or 58.7%, from $477.7 million to $757.9 million, mainly as a result of the transformational acquisition of Coveris Americas completed on May 1, 2018. This increase was slightly mitigated by the sale of our local and regional newspaper media assets in Québec and the sale of the printing activities of our Fremont, California, plant. •Operating earnings decreased by $28.6 million, or 41.9%, from $68.2 million to $39.6 million. Adjusted operating earnings, which exclude restructuring and other costs (gains), impairment of assets, amortization of intangible assets and the reversal of the fair value adjustment of inventory sold arising from business combinations, increased by $10.5 million, or 14.2%, from $74.2 million to $84.7 million. Click Read More below for additional information.
Mittera Group, a Des Moines, Iowa-based, multi-platform communications company, is pleased to announce the purchase of select assets of Sprint Denver, Inc. Sprint is one of the leading commercial printers in Colorado, whose customers will be well served by Mittera’s national capabilities and capacity.
This latest acquisition further solidifies Mittera’s national presence. The Mittera Group now operates 10 manufacturing facilities in Iowa, Wisconsin, Missouri, Texas, Colorado, New Jersey, New York and Florida. With this acquisition, customers of Sprint will continue to have local support through Mittera Group’s Denver division, as well as gain access to a larger national manufacturing platform. In addition, Mittera Group offers services in direct mail, content creation, data analytics, application development and strategic analysis, as well as social and digital marketing.
In the weeks ahead, the Sprint manufacturing operation will be absorbed into the Mittera Group facilities.
“We are excited to be joining the Mittera team,” said Bob Williams, Sprint’s President. “We have wanted to find a partner that would be the best fit for Sprint customers and employees and we have found them in Mittera.”
more at source: https://www.piworld.com/article/mittera-group-acquires-select-assets-of-sprint-denver/