Quad Completes Sale of Former Oklahoma City and Fernley Manufacturing Facilities

Sun Chemical has launched its new groundbreaking ‘Pace’ technology platform for sheetfed offset inks. SunPak FSP, Sun Chemical’s flagship sheetfed offset low migration ink for food packaging, will be the first ink to transition to the new technology with the launch of SunPak FSP EcoPace. The inks are designed to support optimal productivity on high-speed modern printing machines and have strong sustainability credentials. In an era marked by faster machines, lower-quality papers, cost pressures, and sustainability goals, printers are encountering more challenges than ever before. Sun Chemical recognises these challenges and, as a result, is introducing this revolutionary ink based on innovative binder technology providing higher body and lower tack. The benefit of the new technology has been proven through rigorous long-term testing to deliver the highest levels of productivity, the lowest applied cost, and the best overall sustainability benefits. Sun Chemical’s dedication to compliance and certifications also ensures that Sun Chemical’s products not only meet but exceed current regulatory requirements. Pace technology delivers Sun Chemical’s most sustainable offerings yet. This is achieved through a dual approach of selecting vegetable oil based formulations in which PTFE wax is not used. These formulations deliver the highest bio-renewable content (BRC) supplemented by exceptional performance on press that ensures minimal wastage of paper/board and subsequently reduced usage of energy and solvent wash through fewer stoppages.

Modern Litho, a publication and commercial printer and mailer headquartered in Jefferson City, Missouri, with production facilities in St. Louis and Kansas City, announces the ownership group has wholly sold the company to two of the existing shareholders, Jeff and Jenny Davidson as of December 31, 2022. The event marks the successful transition of the mostly family-owned company to the third generation as part of its planned ownership succession. “On behalf of the outgoing ownership group, it has been our highest honor and privilege to steward the company (Modern Litho) with a firm long-term vision. We’ve made decisions large and small based on what’s best for the business, our employees, and our customers. It’s this conviction combined with truly exceptional employees, industry partners and vendors that have made Modern Litho the world-class print organization it is today. Jeff and Jenny Davidson having been part of the ownership for the last five years, will continue with the same goal and vision. We couldn’t be more proud and excited for the future of Modern Litho,” commented Darrell Moore, CEO.

The Company’s revenues for the second quarter ended August 31, 2021 were $100.5 million compared to $86.6 million for the same quarter last year, an increase of $13.9 million, or 16.0%. Gross profit margin was $28.9 million, or 28.8%, as compared to $25.2 million, or 29.0%, for the same quarter last year. Net earnings for the quarter were $7.5 million, as compared to $6.4 million, for the same quarter last year. The Company’s revenues for the six-month period ended August 31, 2021 were $197.4 million compared to $175.6 million for the same period last year, an increase of $21.8 million or 12.4%. Gross profit margin was $58.1 million, or 29.4%, as compared to $49.1 million, or 27.9% for the six-month periods ended August 31, 2021 and August 31, 2020, respectively. Net earnings for the six-month period ended August 31, 2021 were $14.8 million, compared to $10.6 million for the same period last year, an increase of $4.2 million.