Year in Review : Not the Best of TimesDecember 2009 By Erik Cagle
An employee of Cenveo’s envelope plant in Chicago was found dead in early February, apparently crushed between the rollers of a machine. Foul play was not suspected. The Stamford, CT-based company also shuttered its plant in Easton, MD, with about 200 jobs lost.
Brown Printing, Waseca, MN, eliminated 200 jobs across its network of plants, representing about 8 percent of its total workforce. Employees from three states were impacted.
The face of printing in Los Angeles took on a different look as spring approached, with longtime fixture Anderson Litho getting consolidated into ColorGraphics by parent company Cenveo. Meanwhile, Insync Marketing Solutions filed for Chapter 7 liquidation.
K&D Graphics, of Orange, CA, held an open house to showcase its new 12-color, 41˝ Heidelberg Speedmaster XL 105, one of the world’s longest sheetfed printing presses.
Sad news struck the Goss International family when the bodies of Phil Burke and his eight-year-old daughter were pulled from
Miami’s Biscayne Bay on April 7. An accident during a father/daughter tubing excursion had apparently claimed their lives. Burke, 49, was the company’s vice president of sales for Latin America.
Saddled with more than $6 billion in debt, AbitibiBowater of Montreal filed for Chapter 11 bankruptcy protection both in the United States and Canada.
In perhaps the most shocking printing news of the year—perhaps of this century—RR Donnelley made a bid to acquire Quebecor World, which was about to exit bankruptcy protection. The offer of $1.35 billion in cash and Donnelley stock was rejected shortly thereafter by Quebecor World, which stuck to its game plan of emerging from Chapter 11 protection. And, in another shocker, former Donnelley CEO Mark Angelson climbed into the captain’s chair of the newly rechristened Worldcolor.
The EPI Cos., a $51 million-a-year, Marietta, GA, printer, announced it was closing on April 15. Naperville, IL-based Solar Communications also shut down after a run of nearly 50 years. Cenveo, meanwhile, fired up the M&A engine by plunking down about $44 million in cash and stock to obtain Nashua Corp.
Ralph Pontillo, one of four 2009 PI/RIT Printing Industry Hall of Fame inductees, purchased Miami Valley Publishing of Fairborn, OH, from its parent company, Transcontinental. Miami Valley specializes in retail insert printing.
Joining Pontillo on the Hall of Fame podium in Chicago were Janet Green of Greens Printing in Irvine, CA; Steve Hayes of Omaha Print in Omaha, NE; and Herb Zebrack of Lithographix in Hawthorne, CA.
DS Graphics, Lowell, MA, purchased bankrupt digital printer LaVigne Inc. (LVI) of Worcester,
MA. LVI’s facility there was kept intact, with CEO Chris Wells spearheading the integration of client relationships.
In press manufacturer news, Holger Garbrecht, KBA North America’s president and CEO, resigned his post at the end of August. He was replaced by Mark Hischar. Meanwhile, a rumored merger between Heidelberger Druckmaschinen and manroland AG never materialized.
MSP Digital Marketing of New Canaan, CT, acquired a substantial interest in Tec Doc Digital Solutions (TDDS), then forged a strategic partnership agreement with Tracer Imaging of White Plains, NY.
NewPage Corp. and fellow U.S.-based coated paper manufacturers Appleton Coated and Sappi Fine Paper North America petitioned the federal government to impose duties on China and Indonesia for subsidizing and dumping certain coated paper. The petitions covered coated paper used in high-quality writing, printing and other graphic applications using sheetfed presses with a GE brightness rating of 80 or higher.
The NAPL politely declined the invitation to hold merger talks with the PIA, citing a preference to remain independent while focusing on its consulting business. The news came at a time when some observers felt the industry could not support two associations for printers.
Two more companies folded as the leaves began to change colors: Ramsey Press in Mahwah, NJ, along with Precision Technology of Pembroke, NH. Ramsey Press filed for Chapter 7 liquidation, while Precision Technology apparently closed without providing notice.
Consolidated Graphics (CGX) of Houston and its Nies/Artcraft subsidiary acquired certain assets of The Kohler Print Group and Pinnacle Press. The St. Louis subsidiary is now doing business
Francis Canzano Jr., the president of Acme Printing in Wilmington, MA, passed away after a long bout with cancer. He was inducted into the Hall of Fame in 1999.
It was business as usual for Worldcolor, which inked a multi-year deal with Macmillan to print more than 800 million major trade bestsellers, textbooks and mass market (paperback) books. The company also appointed Dan Scapin as president of Logistics and Premedia.
As the year drew to a close,
Canon raised some eyebrows when it agreed to acquire Océ for euro 8.60 per share cash, or euro 730 million (US $1.1 billion).
As the U.S. begins to take baby steps toward an economic recovery, it will be interesting to see which printing establishments share in the prosperity offered by 2010. The recessional catastrophe may be over, but now it’s time for companies to determine how hurt they really are...and whether there is a future for them at the printing table. PI