John Galligan, president of B&B (Bradford & Bigelow), discusses his Newburyport, Massachusetts-based book printing company’s $35 million investment in an HP color inkjet web press, Muller Martini digital and conventional finishing equipment, a second Manroland web offset press, and expanded warehouse/distribution space. He also reveals the advice he is providing B&B customers concerning the paper crisis.
see more at: https://www.piworld.com/xchange/production-inkjet-printing/bb-president-discusses-35m-book-printing-investment/
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*Revenue for the first quarter was $114.7 million higher than the previous year. Excluding the First American acquisition, which closed on June 1, 2021, revenue increased $31.4 million, or 7.1% year-over-year. *The Payments segment delivered revenue growth of 109.1% over the previous year to $166.2 million. Excluding First American, Payments grew 4.3%. *Net income of $9.7 million included $12.7 million of acquisition amortization from the First American acquisition, as well as an increase in interest expense of $15.8 million driven by the transaction. *Cash flow from operations for the first quarter was $34.3 million and capital expenditures were $20.8 million. Free cash flow was $13.5 million, a decrease of $4.4 million compared to the first quarter of 2021, partially driven by increased cash interest payments.
R.R. Donnelley & Sons Company was recognized by Hormel Foods Corporation with a 2020 Spirit of Excellence Award, celebrating RRD’s outstanding labeling work for the global branded food company. “It’s an honor to be recognized by Hormel Foods as one of their top business partners throughout a very trying year,” said Lisa Pruett, President of RRD Packaging Solutions, Forms and Labels. “We are proud to be a dependable supplier to Hormel Foods, servicing the company with high-quality labels with no out of stock SKUs last year — a distinguished accomplishment in light of the unprecedented material shortages and supply chain challenges.” RRD has been working with Hormel Foods for more than 20 years, producing more than 250 million labels annually that are used across the company’s product portfolio at upwards of 20 plant locations. RRD primarily manages the labels used in the branded food company’s operational units.
Konica Minolta Business Solutions U.S.A., Inc. announced it has joined the U.S. Environmental Protection Agency’s Green Power Partnership, which encourages organizations to use green power to reduce the environmental impact of electricity use. Konica Minolta is using nearly 5.1 million kilowatt-hours (kWh) of green power annually, which is enough to meet 100 percent of the organization's total electricity use. By choosing green power, the company is helping to lead the transition to a clean energy future. The company’s commitment to sustainability is reflected in local efforts at its U.S. headquarters in Ramsey, New Jersey. The site is partially powered by solar energy – and has been for more than seven years. The solar energy system consists of carport canopies supporting solar panels that produce about 10 – 15 percent of the Ramsey campus’ energy needs alone. Employees across the country volunteer hundreds of hours each year to environmental initiatives, supporting sustainability in its communities and contributing to a brighter future for the planet.