Multi-Color Corp.
According to Nigel Vinecombe, president and CEO of Multi-Color Corp., the June quarter represents the first quarter with full contributions from all FY14 acquisitions and with no significant one-off integration costs. Improved gross margins at 21 percent drove core operating income to 13 percent of revenues and core EBITDA to 18 percent of revenues for the quarter.
Multi-Color Corp. has announced the acquisition of the Di-na-cal label business from Graphic Packaging International. Di-na-cal operates manufacturing facilities in Cincinnati, and Greensboro, NC, and provides decorative label solutions primarily in the heat transfer label markets for home and personal care and food and beverage.
Printing Impressions' Upfront Commercial Printing Industry News for May 2009
RR Donnelley served notice to the former Heartland Press plant in Spencer, IA, that it planned to close for good by March 13. The move leaves 160 employees without jobs. The plant was obtained by Donnelley in the Perry Judd’s acquisition.
From the "it's going to get worse before it gets better" department comes a Quad/Graphics capacity reduction that sees 550 people lose their jobs this week. Another 72 jobs are gone as Courier Corp. shuts down short-run Book-mart of North Bergen, NJ, while 62 Multi-Color Corp. positions are eliminated as its Framingham, MA, operations are folded into other facilities. That's nearly 700 jobs in under a week. It's a safe bet that more than 1,000 people industry-wide will be cut loose this week.
Printing Impressions' Commercial Printer News for October 2008
Donnelley Lobbies Washington CHICAGO—RR Donnelley plunked down $485,044 during 2007 to lobby the federal government on environmental policy issues, according to an Associated Press report. The information was posted online by the U.S. Senate’s public records office. Under federal law, lobbyists are required to disclose activities that could influence members of the executive and legislative branches. Tech Valley Closes Its Doors WATERVLIET, NY—Citing economic difficulties, Tech Valley Printing notified the New York State Department of Labor that it was laying off 50 workers, then closed its doors on February 8. According to the Schenectdady (NY) Daily Gazette, the printer had been active in the
SHARONVILLE, OH—Jan. 21, 2008—Multi-Color Corporation today announced it has signed a binding agreement to acquire Collotype International Holdings Pty. Ltd. (“Collotype”) for approximately $175 million plus an additional $10 million upon achieving certain financial targets. This follows the announcement of a Letter of Intent between the parties dated November 5, 2007. Collotype, with over $130 million in annual sales, is the world’s leading pressure sensitive wine and spirits label manufacturer and a growing provider of labels in the fast-moving consumer goods marketplace in Australia. Collotype is based in Australia, and has operations in Australia, South Africa and the United States. Collotype is known
The 2012 Printing Impressions 400 list of the largest printing companies in the United States and Canada as ranked by annual sales.
WIDENING OF the wage disparity between the ranks of top executives and workers has been getting some play in this presidential election season. So how does the take-home pay of the top printers stack up? Printing Impressions’ 18th annual executive compensation report highlights the earnings of principal officers at the largest publicly held printing companies. There was a significant shake-up of the list this year. Several top executives—and companies—dropped from the ranks as a result of the major merger/acquisition activity in 2007. Other companies had personnel changes at the top, and a few repeat executives saw their compensation totals dramatically impacted by the lack