Kevin Carmody, CEO of Standard Register, has resigned his position on the company’s board of directors, reported the Dayton Daily News.
Mergers & Acquisitions
The New Direction Partners’ Printing and Packaging Stock Index was compiled by Peter Schaefer, partner at New Direction Partners.
ALJ Regional Holdings has entered into a purchase agreement to acquire all of the outstanding capital stock of Phoenix Color—a manufacturer of book components, educational materials and related products—from Visant Corp. "Phoenix Color has been servicing the publishing industry within the U.S. for over 30 years and has formed lasting relationships with some of the biggest names in book publishing...We are excited to add Phoenix Color to our family of market-leading companies under ALJ," said Jess Ravich, ALJ's executive chairman.
Learn why now is the perfect time to sell a printing or packaging company, especially considering factors from the past 12 months.
EFI has entered the high-growth inkjet textile printing market with the acquisition of Reggiani Macchine.
Chances are, you haven’t been acquainted with Martin Stein. But his name may soon become synonymous with printing industry mergers and acquisitions (M&A), and others will undoubtedly follow. Stein is the founder and managing director of Blackford Capital, a Grand Rapids, Michigan-based private investment firm that acquires, manages and grows middle-marketing manufacturing, distribution and service companies.
Integrity Graphics, a commercial printer with digital, offset, and large-format capabilities based in Windsor, Connecticut, has acquired Excelsior Printing of North Adams, Massachusetts, for an undisclosed amount, reported CTNOW. "The Excelsior Printing and SeedPrint divisions enhance Integrity Graphics' strong presence in the Northeast and allow us to offer new services to our new Massachusetts clients, such as perfect binding and UV printing," said Joseph La Valla, president and CEO of Integrity Graphics.
All told, the content value chain represents a $1 trillion market—and printing is the least profitable piece of it. If the bulk of your revenue comes from printing, you have a major incentive to find new sources in areas of the value chain you are not currently addressing. With the right guidance and the appropriate systems and equipment, you can learn to leverage these lucrative opportunities.
A $5 million settlement between Standard Register and a group of creditors should pave the way for Taylor Corp. to obtain Standard.
John Hyde has been appointed as a director and member of Graphic Arts Advisors’ senior team.