Walsworth Publishing Acquires IPC Print Services, Closing Omaha Plant
MARCELINE, MO—Dec. 13, 2010—Walsworth Publishing has acquired IPC Print Services in St. Joseph, MI. The purchase of IPC, a commercial printer previously owned by Journal Communications, will enhance Walsworth Publishing’s overall capabilities, giving customers the mailing and fulfillment platforms essential to the commercial printing market.
“In a market that is trending toward cutting costs and contracting, Walsworth Publishing is boldly growing its business,” said Don Walsworth, president of Walsworth. “This transaction represents a major step forward for the company as we build on our track record of stability and continue to strive for ambitious growth.”
According to a story in the Omaha World-Herald, Walsworth has announced that the increase in production capacity from the IPC acquisition means its printing facility in Omaha, NE, will be shut down over the course of the next few months. That plant reportedly is subject to size restrictions that hindered expansion. It has a staff of 83, some of who could chose to relocate to other Walsworth facilities, the paper said.
The acquisition of IPC, now IPC, a Walsworth Co., helps strengthen Walsworth Publishing’s position as a leading mid-tier player in a market devoid of many options.
“Walsworth is a small and nimble publishing company focused on great results,” said Walsworth. “We offer superior service at competitive prices and have the capabilities of the large industry players without the overhead. Our customers will continue to see exceptional service and printing results not obtained elsewhere.”
The purchase of IPC provides Walsworth customers with a broad set of sheetfed, web, binding, fulfillment and distribution options not found in many midsize print companies. Walsworth will now be able to complete all aspects of a print job under one roof, reduce cycle time for print production, and provide customers with cost savings. The acquisition of IPC will help Walsworth better serve customers in the specialty book, short-run publications and business-to-business catalog markets.
“With the addition of IPC to the Walsworth family, our new and established customers will find a partner dedicated to expanding its capabilities,” said Walsworth. “We are bringing together two organizations that share the same values and commitment to meet the needs of our customers today and into the future.”
About Walsworth Publishing Co.
Walsworth Publishing is among the 50 largest printing companies in the U.S and top 10 book printers. The company is also the only American- and family-owned publisher of yearbooks. Started in 1937 by Walsworth brothers Don, Ed and Bill, current leadership is under the second and third generations: Don O. Walsworth, CEO, and his son, Don Walsworth, president. The company, which began printing yearbooks in 1947, operates from administrative offices and printing and binding facilities in Marceline, Mo., a prepress plant in Brookfield, Mo., a sales and marketing office in Kansas City, Mo., The Donning Company Publishers in Virginia Beach, Va., a specialty book publisher, is a wholly-owned subsidiary of Walsworth.
Source: Company press release.
