Business Management - Finance/Financial

Xerox has announced a plan to separate into two independent, publicly-traded companies. The transaction will create an $11 billion Document Technology company, which includes its copier and digital printing press business, and a $7 billion Business Process Outsourcing (BPO) services business. Xerox and Carl Icahn have entered into an agreement related to the governance of the BPO company.

Quad/Graphics is closing its newspaper insert printing facility in Atglen, Pennsylvania, which will result in the loss of 150 jobs.

For the quarter ended Dec. 31, 2015, EFI reported record revenue of $256.5 million, up 22 percent compared to fourth quarter 2014.

Cimpress has released its financial results for the three-month period ended Dec. 31, 2015, the second quarter of its 2016 fiscal year.

Verso Corp. has filed for bankruptcy protection in order to facilitate a debt restructuring aimed at strengthening its balance sheet.

The previously disclosed sale of Cenveo’s packaging business to WestRock Converting is now complete.

Cenveo has obtained a grant to invest $2.25M in its Ennis envelope converting facility, that will foster job growth in the region.

Continuing a strong growth trend, Midland Paper, Packaging + Supplies’ Specialty Paper and Film Division grew by double digits.

When Jim Kell purchased former York Graphic Services in 2002, he quickly grew the company well beyond its prepress and printing roots.

Over the past 12 months, FASTSIGNS International has surpassed its 600th location milestone among achieving high revenue marks.