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.
TC Transcontinental (TSX: TCL.A TCL.B) is proud to have won the “Company of the Year – Large Business” award at the 43rd edition of the prestigious business competition organized by the Fédération des chambres de commerce du Québec (FCCQ) held yesterday at the Palais des Congrès in Montréal. This recognition is awarded to companies that have distinguished themselves by their excellent performance and ability to maintain their position among the best. TC Transcontinental also won the “Entrepreneurship – Large Business” award.
“I’m extremely proud that TC Transcontinental has received this recognition from the Fédération des chambres de commerce du Québec,” said Isabelle Marcoux, Chair of the Board, TC Transcontinental. “The Corporation is driven by a long-term vision. Over the years, we have constantly adapted to the industry in which we operate to reinvent ourselves and ensure that our company is built to last. We have made an important strategic move into the flexible packaging sector and developed a promising growth vector. In only 8 years, the packaging segment has grown from 2 facilities in 2014 to 28 in 2022, and the proportion of the company’s consolidated revenues coming from this sector has increased from 2% to 56%. Today, with the success of its transformation, TC Transcontinental is in a strong position to continue creating long-term value for all its stakeholders. On behalf of my family and the Board of Directors, I would like to thank the teams in our facilities and our experienced managers throughout the company for their excellent work.”
Since 1981, the Mercuriades competition has celebrated the innovation, ambition, entrepreneurship and performance of Canadian companies. This is the fourth time that TC Transcontinental has been recognized by the FCCQ. In 1988, the Corporation received the “Company of the Year – Small Business” award, in 2016, the “Business Transfer” award, which recognizes a company that has successfully transferred powers while securing its future, and finally, in 2020, the “Innovative Manufacturers – Large Business” award. In addition, in 2015, Isabelle Marcoux was personally honoured with the “Leadership Germaine-Gibara – Large Company” award, recognizing her exceptional career as an accomplished businesswoman.