Commercial printing industry news briefs, including items on RR Donnelley, Worldcolor, IWCO Direct, Cenveo and more.
Cenveo
Net sales increased more than 10% to $453.9 million, but it recorded a net loss of $11.1 million, as compared to a net loss of $4.3 million for the first quarter of 2009.
STAMFORD, CT—Cenveo Inc. announced that the company, through its subsidiaries, has entered an agreement to acquire Glyph International from Infomedia 18 Limited. Glyph International is a provider of content solutions to publishers, with operations in Bangalore and New Delhi, India; London and Fort Lauderdale, FL.
Glyph is a leading provider of content solutions to publishers, with more than 550 employees and strong market presence in the U.S. and the U.K.
So I'm out of the office a few days at the National Postal Forum in Nashville, TN—where, hand to God, I saw Chet Atkins' gun collection—and an old amigo sends me this e-mail gem:
Its net sales were $456.8 million for the quarter ended January 2, 2010, as compared to $517.2 million, with a net loss of $9.4 million, as compared to a net loss of $309.7 million, for the three months ended January 3, 2009.
Commercial printing industry news briefs, including items on Quad/Graphic, Cenveo, Alonzo Printing, Berryville Graphics, Keller-Crescent and more.
STAMFORD, CT—Cenveo Inc., through one of its subsidiaries, has acquired the assets of Clixx Direct Marketing Services. Terms of the deal were not disclosed. Cenveo expects the acquisition to be accretive to earnings. Clixx provides a range of direct mail, data management, variable imaging and fulfillment solutions. Cenveo Chairman and CEO Bob Burton says the Clixx product line will create immediate cross-selling opportunities for both companies' customers.
Clixx delivers a full suite of direct mail, data management, variable imaging and fulfillment solutions, serving the Canadian and U.S. markets for over 25 years.
Cenveo is closing printing plants in Baltimore, Charlottesville, VA, and Omaha, NE, resulting in the loss of nearly 300 employees in total.