Commercial Printing Industry News Briefs from Printing Impressions’ March 2013 edition, including items on Vertis Communications; EPS-Doublet and Think BIG Solutions; Royal Printing and Modern Printing; Classic Graphics; The John Roberts Co.; the U.S. Postal Service (USPS) and Valassis Direct Mail; Impressions Plus Printing and Copying; and Eastman Kodak.
A bankruptcy and company selloff by parent company Vertis Communications will result in the closure of the Medina Vertis printing facility on East Smith Road as of May 1. A total of 52 employees will lose their jobs.
Vertis plants in Dallas, New Jersey and Fort Erie, Ontario will also be closed. According to Canadian news sources, Vertis officials closed the plant there without previous warning or severance pay for the approximately 100 employees.
TORONTO—A printing plant owned by Vertis has been shut down in Fort Erie (Stevensville), Ontario, leaving the staff without jobs or compensation. About 100 members of the Communications, Energy and Paperworkers Union (CEP) Local 425G in the Niagara region have just learned of the closure and are confronting the company’s reported refusal to pay out termination and severance, required under Canadian law.
SUSSEX, WI—Santa Claus came early for the nation's No. 2 printer when a U.S. Bankruptcy Court green-lighted the proposed sale of Baltimore-based Vertis Holdings to Quad/Graphics.
Quad/Graphics and Vertis Holdings jointly announced that the waiting period for antitrust review in relation to their proposed business combination has expired with no action taken by the Federal Trade Commission. The companies anticipate the sale will be approved by the bankruptcy court on Dec. 6, 2012.
SUSSEX, WI—Quad/Graphics Inc. and Baltimore-based Vertis Holdings announced the execution of an agreement through which Quad/Graphics will acquire substantially all of the assets comprising Vertis’ businesses for $258.5 million, which includes the payment of approximately $88.5 million for current assets that are in excess of normalized working capital requirements.
SUSSEX, WI—Quad/Graphics Inc. and Baltimore-based Vertis Holdings announced the execution of an agreement through which Quad/Graphics will acquire substantially all of the assets comprising Vertis’ businesses for $258.5 million, which includes the payment of approximately $88.5 million for current assets that are in excess of normalized working capital requirements.
Quad/Graphics will acquire substantially all of the assets comprising Vertis’ businesses for $258.5 million.
To facilitate the intended sale, Vertis filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. It has the support of its lenders with respect to the sale to Quad/Graphics.
SGS International will augment its design-to-print packaging solutions with the purchase of equipment, data files and related assets from Vertis Holdings. Proceeds from the sale will allow Vertis to strengthen its liquidity position and further invest in its core direct marketing, advertising inserts and large-format businesses.
As Taller San Jose’s first and only marketing communications partner, Vertis provides ambitious young adults with marketable job skills and new opportunities to succeed in a competitive industry. The Santa Ana, CA-based non-profit organization is dedicated to helping troubled young people work to develop skills for a brighter future.
