MACEDONIA, OH—AGS Custom Graphics, a subsidiary of Houston-based Consolidated Graphics (CGX), has acquired certain assets of Modern International Graphics and Modern Logistics, headquartered in Eastlake, OH, near Cleveland. Terms of the deal were not revealed. Modern International Graphics ranked No. 308 on the most recent Printing Impressions 400 listing with $15.87 million in sales.
CGX's revenue for the quarter was $276.4 million, down 12.5%, and its operating income totaled $18.6 million vs. a net oeprating loss of $55.5 million in the December 2008 quarter.
Modern ranked #308 on the most recent Printing Impressions 400 listing with $15.87 million in sales. Owner David Margiotta and certain other employees have joined AGS Custom Graphics.
Heidelberg USA announces new prepress, press and bindery product installations by commercial printers, including Triangle Communications, Stolze Printing, Bramkamp Printing, Grunwald Printing
Consolidated Graphics, Inc. (NYSE: CGX) and Kodak recently announced that CGX will install a KODAK PROSPER 5000XL Press. Powered by KODAK Stream Inkjet Technology, the PROSPER 5000XL Press provides offset class quality, productivity and cost across a wide range of coated and uncoated commercial print applications.
Commercial printer and bindery news from Across the Nation in Printing Impressions January 2010 edition.
The value of all GPO work awarded during this period was $425 million compared to $421 million awarded in 2008. Work done by the top 50 suppliers was valued at $270 million during 2009 compared to $287 million in 2008.
Based on Kodak Stream Inkjet Technology, the Prosper 5000XL four-color press supports a wide range of coated and uncoated stocks.
ROCHESTER, NY—Cohber Press, a full-service printing and marketing communications company based here, is the first customer in North America to install the new Kodak NexPress SE3600 digital color production press. Cohber Press' purchase of the NexPress SE3600 enables the company to increase volume in both static and variable data print while managing expenses.
The salary excesses in the financial/investment banking world that fueled widespread public outrage, however, won't be found among the earnings of principal officers at the largest publicly held printing companies.
