Cenveo Acquires Nashua
STAMFORD, CT—Cenveo Inc. has inked a definitive merger agreement to acquire Nashua Corp. in a cash and stock deal valued at roughly $44 million. Nashua, ?a labels and specialty paper producer, posted sales of $265 million in 2008. The deal allows Cenveo to strengthen its position in the pharmaceutical and shelf-label market, and will expand upon Nashua's position in the point-of-sale and wide-format printing markets.
EPI Companies Closes Doors
MARIETTA, GA—The EPI Companies, which ranked 112th on the 2008 Printing Impressions 400 list with sales of $51 million, has gone out of business. The company notified customers and other interested parties in a letter dated April 15. EPI Companies was featured on the cover of Printing Impressions in May 2007. The firm was listed as having 120 employees.
New Home for Large Finisher
CAROL STREAM, IL—Booklet Binding and Team Services announced the opening of its new production center here. The facility unites the operations of its two prior locations—Booklet Binding's Broadview, IL, bindery and finishing operation, and Team Services' Itasca, IL, direct mail production, mailing and expanded packaging operations—into a single plant. The 366,000-square-foot production facility required a capital investment of $21 million.
Quad Cuts 140 Employees
SUSSEX, WI—A decline in orders and the dismal economy have forced Quad/Graphics' hand again, prompting the nation's largest privately held printer to lay off 140 employees, according to BizTimes Milwaukee. Most of the cuts were made in Wisconsin, with prepress and its QuadTech operations absorbing the reductions. The company laid off roughly 550 people earlier this year.
VistaPrint Forges Partnership
HAMILTON, BERMUDA—Business-to-consumer online printing specialist VistaPrint and FedEx Office have developed a new application for designing, ordering and printing business stationery and marketing materials. Customers are now able to design and order their customized products online at fedexoffice.com or in-person at any of the 1,600 FedEx Office Print & Ship Centers in the United States. The products can be shipped to any location FedEx serves or picked up at any FedEx Office Print & Ship Center.
Quebecor World Inks Deal
MONTREAL—Quebecor World signed a multi-year agreement to print Arthur Frommer's Budget Travel, a growing monthly magazine with a print run exceeding 750,000 copies published by Newsweek Budget Travel. The pact also allows for the printing of two annual "Girlfriend Getaways" special issues. The Budget Travel volume is new business to Quebecor World, which has printed the West Coast editions of Newsweek's flagship title for 15 years.