Combined with a new $8.5 million equity investment by Preferred Packaging Partners of Providence, RI, the MATLET Group has recapitalized and refinanced its senior and mezzanine indebtedness.
The MATLET Group
The beauty of UV and other coatings is that they allow the customers to sell the sizzle instead of the steak which, from a marketing point of view, is much easier to accomplish. Greg Iannuccillo, vice president of sales and packaging for Packaging Graphics—a member of The MATLET Group family based in Pawtucket, RI—points out that much of the UV work his firm produces is geared toward the home and personal care spaces.
Commercial printer equipment installations and other news from Printing Impressions’ July 2012 edition, featuring DiscPro Graphics and Marrs Printing & Packaging.
Commercial printer equipment installations and other news from Printing Impressions’ March 2012 edition, featuring Mercersburg Printing and Franklin Imaging.
Binding and finishing news briefs from Printing Impressions’ March 2012 edition, including Ry-Gan Printing and HardingPoorman Group installations.
Commercial printer company and personnel news from Printing Impressions’ March 2012 edition.
Acquiring a Bobst Novacut 106 diecutter for paper and/or board products serves a dual purpose of strengthening CFP’s operations and setting a course for future growth, said Greg Orlando, company president. “It immediately supports our current customer base and gives us total control of the production process and turnaround times, therefore eliminating our reliance on outsourcing work to third parties.”
For advertising items such as catalogs, coupons, direct mail and packaging, Packaging Graphics can embed a combination of 60 distinct smells during the print process. “Using sharp scents is not new, but the method we offer is a new-and-improved version,” said Nick Carafa, executive vice president-sales.
WILMINGTON, MA—George Farraher has been promoted to president of Acme Printing following the death of longtime leader Fran Canzano. Farraher, a 23-year veteran of the company, will report directly to John Gaffney of The MATLET Group, Acme's parent company. He was promoted to vice president/general manager in 2005, when Acme was acquired by The MATLET Group.
Farraher will report directly to John Gaffney, CFO/COO of The MATLET Group, Acme's parent company. He is stepping into this role after the recent death of Fran Canzano.