Kappa Printing Group II has acquired the business, assets and printing facility of Times Printing, a full-service provider of color printing services for magazines, catalogs and other publications. The new entity will continue to do business as Times Printing and will retain the employees and plant, which is based in Random Lake, WI. “We are delighted to add the talented personnel and modern Wisconsin-based production facility to the expanding Kappa Media group of affiliated companies,” noted Nicholas Karabots, of Kappa Printing Group II. Rick Bortolotti, vice president and general manager of Times Printing, stated, “Over our 98-year history, the team has won numerous national and regional awards and earned an outstanding reputation for producing high-quality color publications and catalogs. This change in ownership provides investment capital to better position our equipment portfolio and plant operations for the future. The Times Printing employees and customers are excited by this commitment to the market.”
Sun Chemical will implement a new price increase affecting its solvent- and water-based liquid inks in Europe, effective January 15, 2019.
Costs have risen annually on a variety of key raw materials used to manufacture inks, including solvents, acrylic derivatives, organic pigments, and polyols and isocyanates, which are the basic building blocks for numerous resins. Additionally, the ongoing initiatives in China to enforce tighter environmental regulations at chemical plants has resulted in ongoing supply disruptions.
“The increasing raw material costs continue at an unprecedented rate and require us to increase customer prices,” said Felipe Mellado, Chief Marketing Officer, Sun Chemical. “We will continue to work with our supply chain partners to manage and minimize the impact on our customers.”