The Target Report: So Many Books, So Little Time* (piworld.com)

Books endure. We discard newspapers the day after, magazines stick around a bit longer, junk mail not at all, but books we keep. After we read a book, we shelve them, we show off our book collection as backdrops in our Zoom calls, we stack books in corners, we store them in boxes, we might drop them off at a used bookstore, we might even make books into works of art, but we almost never just toss them out. Printed books endure.

Book printing company Grafica Veneta, located in the Italian province of Padua, a half hour drive from the causeway to Venice, announced the acquisition of a majority ownership stake in Lake Book Manufacturing. The acquired company is close by Chicago’s O’Hare airport, likely an enabling factor in the decision by an Italian book manufacturer to invest in a US-based partner. The owner of Lake Book, Dan Genovese, noted that his family’s Italian heritage also played a part in the decision to seek and accept an international investment in the company, especially one based in Italy. Both companies are positioned to manufacture a wide range of book products for the publishing trade, with capabilities ranging from one-color to full-color text, paperback and hardcover editions, along with fully decorated book jackets. The international connection and reach can be a key factor when printing books for the big publishing houses, especially when a simultaneous release of blockbuster titles is integral to the marketing plan, such as the recent release of Stephen King’s new eerie crime novel Later, printed in Italy by Grafica Veneta.

The book manufacturing segment has seen a steady uptick in M&A interest as the demand for printed books coincided with exits and bankruptcies in the book manufacturing segment. Added to this mix of market forces, reading habits increased during the Covid-induced lockdown. Consequently, publishers began to experience longer lead times and production delays as book manufacturing capacity became strained.
more at source: https://www.piworld.com/article/the-target-report-so-many-books-so-little-time/

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