Nearly 20 printing companies want to hire laid off LSC Communications workers (lancasteronline.com)

Siegwerk Druckfarben AG & Co. KGaA, one of the leading international suppliers of printing inks for packaging applications and labels, has signed a contract to purchase the Italian ink manufacturer La Sorgente Spa. The family-owned company is located in Poppi (Arezzo), Italy, and manufactures high-quality water-based flexographic inks for paper & board applications as well as solvent-based inks for flexible packaging. Founded in 1929, the company is one of the most important ink suppliers for flexographic printing in Italy today. With this acquisition, Siegwerk further expands its product portfolio for packaging printers while concretely strengthening its local footprint in the Italian market. “La Sorgente Spa is a well-established ink expert for paper & board as well as flexible packaging applications with a strong reputation in Italy. Its ink solutions fit perfectly into our product portfolio,” says Dirk Weißenfeldt, Vice President Flexible Packaging EMEA at Siegwerk. The purchase will enable Siegwerk to significantly expand its presence while building up its infrastructure and workforce to further grow in Italy.

*GAAP net sales, including the impact of foreign exchange, increased $113 million or 8.9%; *GAAP net income from continuing operations was up $26 million versus the prior year period *Cash used in operating activities during the nine months ended September 30, 2022 was $221 million compared to $29 million in the prior year period; current year results reflect working capital investments due to increased volume and inflation in addition to $80 million of merger related payments *Gross leverage ratio of 3.2x improved 0.5x from September 30, 2021; net leverage ratio of 2.7x improved 0.4x from the same period last year

TC Transcontinental is proud to announce the release of its new 2025 Corporate Social Responsibility Plan, Building our Future. Recognized earlier this year as the 16th most sustainable corporation in the world in the renowned Corporate Knights’ Global 100 Sustainable Corporations ranking, TC Transcontinental strives to build a future that is green, inclusive, innovative, sustainable, united, and responsible. The new plan focuses on five major themes that will guide the Corporation’s actions over the next four years: greener growth, an inclusive and safe environment, innovative and sustainable products, community involvement, and responsible governance and business practices. “As a family business, we are building for the long term,” said Isabelle Marcoux, Chair of the Board. “Corporate Social Responsibility (CSR) has been engrained in TC Transcontinental's DNA since its beginning and is an integral part of our growth strategy, particularly in terms of developing sustainable products. It is underpinned by rigorous governance, as well as our values and culture of diversity and inclusion. As such, we are meeting our customers’ needs and our investors’ long-term value creation objectives while also contributing to the welfare of our communities.”