Heidelberger Druckmaschinen AG (Heidelberg) has sold its Hi-Tech Coatings division for coatings used by the packaging, labeling, and printing industries to Innovative Chemical Products Group’s (ICP Group) Industrial Solutions Group (ISG) division, a leading global provider of packaging, labeling, and specialty clear coatings based in Itasca, IL, USA. The divestiture is a part of Heidelberg’s initiative to focus on core activities and portfolio adjustments. Hi-Tech Coatings develops and produces over 1,000 environmentally compatible products and formulations, primarily water-based and UV-based coatings, at its sites in Aylesbury / UK, Zwaag / Netherlands, and Taylor, MI / USA. With the sale, three sites and a total of around 60 employees will be transferred to ICP’s ISG division. The transaction also established a strategic partnership between Heidelberg and ICP Group to ensure Heidelberg’s future sales of its coating portfolio to its customers. The purchase price amounts to EUR 38.5 million. Heidelberg expects the transaction to generate non-recurring income of around EUR 20 million.
Wilen Group, a full-service direct marketing agency, continues to expand in providing direct mail solutions across the United States with elite standards in creativity, collaboration, innovation and now a west coast operation. Now having coast-to-coast manufacturing facilities in Deerfield Beach, Fla. and Las Vegas, and a creative agency in New York, Wilen has committed to the utmost speed-to-market, making the company one of the top direct mail and digital printing agencies for large volume mailers in the country.
“Our investment in opening a West Coast facility was imperative in order to maintain our position as the leader in direct mail from coast-to-coast and ensuring direct mail maintains its place as the number one acquisition channel for our clients,” said Wilen President, Darrin Wilen. “Through our New York, Florida and Las Vegas locations all working as one collaborative team, we are committed to giving our clients a competitive edge in the mailbox and on any screen.”
Since 1971, Wilen has remained a lead provider in direct mail solutions across the nation. Since then, the former publishing company has evolved into a full-service agency and direct mail marketing firm servicing enterprise clients with a national footprint. Wilen touts three locations across the country, New York, Florida, and Las Vegas. Within the last 20 years, the company’s investment in innovation and the latest technology combined with its commitment to speed to market campaigns, establishes Wilen at the forefront of the direct mail industry.
more at source: https://www.piworld.com/article/wilen-group-continues-expansion-las-vegas-facility/#ne=d7f0e6e16b0d037f71fc050491da5623&utm_source=today-on-piworld&utm_medium=newsletter&utm_campaign=2020-02-07