We're coming to the end of 2023, so we thought it was a good idea to pull together some of the top pieces of content from the year, as determined by you, our readers. Over the past 12 months, there has been a bevvy of M&A activity (always covered in the monthly Target Report articles), including private equity firm CD&R's acquisition of Veritiv (No. 8). Beyond the top 10 items, M&As continued to dominate the headlines with stories such as Mittera's acquisition of Geographics and CJK's acquisitions of McNaughton & Gunn and Worzalla, as well as the more recent news that Müller Martini Group acquired the Hunkeler Group.
Within the top 10, USPS' postage rate hike in July topped the list this year. There were two USPS rate hikes in 2023, with more planned for next year (the most recent announcement revealing rates will rise again in January 2024). Unsurprisingly, the annual Printing Impressions list of the largest printing companies in the U.S. and Canada (the 2023 list will be available online in the coming weeks) placed high within the top 10 items this year (No. 4). This list continues to be the most comprehensive and preeminent source for rankings in the printing industry.
Unfortunately, quite a few plant closures are listed below, with LSC Communications announcing it would close two Pennsylvania plants (No. 2) and its Warsaw, Indiana, gravure printing plant (No. 10), as well as Quad's announcements that it would shutter its Merced, California, retail insert and magazine printing plant and its Effingham, Illinois, plant, Nos. 6 and 7, respectively.
- The Second USPS Postage Rate Hike Will Take Place July 9, 2023
- LSC Communications to Close Two Lancaster, Pennsylvania, Printing Plants, Impacting 656 Workers
- 2023: Will the Paper Chase Persist?
- LSC Communications Reorganizes Operations and Rebrands
- Quad Plans to Close Its Effingham Printing Plant by End of 2023, Impacting 350 Workers
- LSC Communications to Close Warsaw, Indiana, Gravure Printing Plant and Focus on Kodi Collective Offerings
While this short list offers a brief glimpse at some of the biggest headlines this year, there were so many more interesting, exciting, and important developments in the printing industry this year. We encourage you to sign up for the free Printing Impressions daily newsletter (if you haven't already), to ensure you're up to date on all the latest news and announcements in the printing industry.
Ashley Roberts is the Managing Editor of the Printing & Packaging Group.