STAMFORD, CT—Cenveo has pulled off the biggest deal in the first year of Bob Burton’s administration there, acquiring Rx Label Technology from Pfingsten Partners and Hilco Equity Partners in an all-cash transaction. Terms of the deal were not disclosed. The company will operate under the Rx Technology name at its Joplin, MO, facility. Rx Technology, a $40 million annual performer, manufactures pressure-sensitive prescription labels for the U.S. retail pharmacy market. It is reportedly the only label converter with the capabilities to produce simplex, duplex (integrated and dual web) and thermal rolls. “This acquisition...brings Cenveo into the high growth, pharmaceutical label market and is expected to be accretive
Cenveo Graphic Arts Center
STAMFORD, CT—Cenveo has pulled off the biggest deal in the first year of Bob Burton’s administration, acquiring Rx Label Technology from Pfingsten Partners and Hilco Equity Partners in an all-cash transaction. Terms of the deal were not disclosed. The company will operate under the name Rx Technology at its Joplin, MO, facility. Rx Label Technology, a $40 million annual performer, manufactures pressure sensitive prescription labels for the U.S. retail pharmacy market. It is reportedly the only converter with the capabilities to produce simplex, duplex (integrated and dual web) and thermal roll labels. Its product line also includes vinyl shelf labels, pricing labels, case labels, pallet labels and
SEATTLE—Eight North American entries were dubbed 2006 North American Printers of the Year gold award winners by Sappi Fine Paper during its gala awards ceremony held here last Saturday at historic Union Station. The eight gold winners will compete for the Sappi International Printer of the Year title, which will be announced in Budapest, Hungary, in October. The winners and categories were: Color Graphics, Los Angeles, annual reports; Graphic Arts Center Publishing, Portland, OR/Haagen Printing, Santa Barbara, CA, books; Cenveo Anderson Lithograph, Los Angeles, brochures; Allied Printing Services, Manchester, CT, calendars; Nahan Printing, St. Cloud, MN, catalogs; Meridian Printing, East Greenwich, RI, general print; Nahan
STAMFORD, CT—Cenveo Inc. continues to implement cost-cutting measures aimed at restoring profitability to the once-venerable commercial printing franchise. On February 17, Cenveo’s Centennial plant in Denver closed its doors, resulting in the loss of 90 jobs, according to a report in the Rocky Mountain News. The move comes on the heels of the company shuttering its envelope manufacturing facility, which resulted in 171 lost jobs. The newspaper said the move was part of a nationwide cost-cutting effort that is expected to claim 1,400 jobs. The Arizona Republic also reported that two Cenveo sites in Phoenix (once called Imperial Litho & Dryography) were reducing head counts by
ENGLEWOOD, CO—Robert Burton, the swashbuckling printing executive with a thirst for rebuilding challenges—touting a resume that includes the pre-sale sprucing up of Moore Corp. and World Color—and a reputation of cost and headcount reductions to meet that end, is back in the industry with Cenveo. The former Mail-Well and its board of directors, sensing a pending loss in the September 14 scheduled proxy battle, reached an agreement with Burton Capital Management (BCM) and Toronto hedge fund Goodwood on September 9 that averted the shareholder contest. As part of the deal, Burton is the company's new chairman and CEO. Cenveo's board will also be populated with
Q&A: Cenveo CEO James Malone ENGLEWOOD, CO—New Cenveo CEO James Malone discussed dissident shareholder Bob Burton, the September 14 special shareholder meeting and company direction in an exclusive interview with Printing Impressions. View the entire Q&A on www.piworld.com. PI: How is the evaluation of strategic alternatives progressing, and what is the time frame for completion? Malone: Employees in the field and at the corporate office have been receptive to different ideas about how to grow the company and improve the efficiencies and effectiveness of the people we have. As far as a time line, clearly we've got a line drawn in the sand with
ENGLEWOOD, CO—Needing leadership to guide the company through a transition phase, Cenveo Inc. turned to a restructuring specialist as it continues to ponder offers and mull strategic alternatives. But barring the results of a special meeting requested by shareholder Burton Capital Management (BCM), James R. Malone's tenure could be a brief one. Malone, whose Qorval LLC financial and business restructuring firm has put him at the helm of companies such as Mail Contractors of America, Avborne Inc. and Brown Jordan International, replaces Paul Reilly, who resigned in January. A turnaround specialist, Malone has no experience in the commercial printing industry. (See Q&A with Malone on
By Erik Cagle Senior Editor There was a time, not all that long ago, when just being on the World Wide Web was hip enough for the commercial printing industry. The term "Web presence" was bandied about freely by printers in the period of roughly 1998 to 2001. The Internet was little more than an opportunity to showcase a company's brochure electronically, and most of the old guard only viewed this medium as a complementary driver for the brick-and-mortar business component. Clearly, though, the "me, too" syndrome has given way to a more progressive school of thought on not only driving more
BY MARK SMITH Technology Editor For better or for worse, and maybe a little of both, self-service has become the model of business efficiency in the modern world. Vending machines aside, the trend first took hold at the gas pump, then led to ATMs popping up like weeds and now is spreading to the grocery store checkout line. Online interfaces to customers are the printing industry's latest take on the self-service trend. The basic concept is not new, but the way printers are now executing it differs from the wave of eProduction/eCommerce ASP ventures that enveloped the graphic arts during the dotcom bubble.
california LOS ANGELES—Donahue Printing, a family owned printing company in business for 70 years, has installed a new seven-color, 40˝ Mitsubishi Diamond 3000S sheetfed press. WALNUT—Reinberger Printwerks reports the installation of two new two-color Heidelberg QM46 presses, as well as a new Konica Minolta digital imaging system. florida ORLANDO—Allegra Print and Imaging has purchased the Heidelberg Printmaster PM 52 it had been testing after an eight-month trial period. Allegra became the first shop in the U.S. to test the four-color Printmaster 52 press and has produced more than two million finished pieces since installation in November 2003. georgia ATLANTA—Vertis announced that 18 members of