Standard Register filed suit in U.S. Bankruptcy Court, accusing former Standard Register sales employees Craig Stockmal and Lynn Smith of breach of contract and misappropriation of trade secrets, among other charges. Standard Register maintains the loss of key customers could jeopardize its sale to Taylor Corp., and that the actions of Stockmal and Smith will cause "irreparable harm."
Chances are, you haven’t been acquainted with Martin Stein. But his name may soon become synonymous with printing industry mergers and acquisitions (M&A), and others will undoubtedly follow. Stein is the founder and managing director of Blackford Capital, a Grand Rapids, Michigan-based private investment firm that acquires, manages and grows middle-marketing manufacturing, distribution and service companies.
At the beginning of the digital printing era, there were legitimate concerns about certain types of finishing equipment not being tailored to this type of work. Vendors replied in kind but, printers being printers, found new applications that complicated matters even further. We’ve rounded up a group of well-known printers—practically celebrities in their field—to offer the whats and whys behind their approach to binding and finishing.
The settlement, filed with the U.S. Bankruptcy Court last Friday, sees the official committee of unsecured creditors dropping any and all claims against Standard Register and stakeholder Silver Point Capital. The $5 million will be taken from a fund that would have gone toward second-lien lenders at the conclusion of Standard Register's Chapter 11 settlement.
Joseph Morgan, president and CEO of Standard Register, notified the company's board of directors that he was resigning effective June 26. Morgan told Standard Register's board of directors that he was taking an executive position with another, unnamed, firm, but will assist in the transition process beyond his departure date.
The word for today is integration. It comes into play quite frequently in the world of printing when dealing with people, machines, software and processes. Any kink in the network is keenly felt throughout a workflow, whether it’s on paper, in a spreadsheet or on the production room floor.
A bankruptcy court judge has approved Taylor Corp.'s $307 million-plus bid for Dayton, Ohio-based Standard Register. In a separate deal, Taylor Corp. also picked up the assets of Salem, New Hampshire-based NEPS LLC, which services the insurance, finance, health care and automotive spaces.
Billionaire Glen Taylor, who founded commercial printer Taylor Corp. and is the owner of the NBA's Minnesota Timberwolves and the Minneapolis Star Tribune, had legal representation in Monday's bankruptcy sale of Standard Register (the company's assets were auctioned, as well). The winning bidder will be announced by the U.S. Bankruptcy Court for the District of Delaware on Wednesday.
Vincent Musetto, who died Tuesday at the age of 74, was a retired editor at The New York Post. It was one headline in particular that he wrote for the April 15, 1983, edition of the paper that is widely praised as the most prolific in the annals of journalism: "Headless Body In Topless Bar."
David Thompson, 54, pleaded guilty to a federal charge of stealing mail, according to the Kansas City Star. Thompson didn't steal the mail per se, but perhaps there wasn't room in his mailbag for both the mail and the five to eight beers he was consuming daily. An investigation revealed Thompson was keeping the beer in his bags and throwing the mail away in a trash container behind a local Elks Lodge.
Lance Luka, the owner of Chicago-area printing company startup Ignite Graphics, isn’t all that different from Lance Luka the hockey player, who once roomed with future NHL great Doug Weight and knocked heads with heralded No. 1 draft pick Eric Lindros. He has high energy, passion and is naturally programmed to perform in the best interest of the team, which in this case is Ignite Graphics of Elmhurst, Illinois. Even the name itself connotes a fiery approach to business.
Longtime Ripon Printers employee Deba Horn-Prochno is retiring after 40 years. Though we never met in person, we communicated exclusively by email. Most of the time, we would write about the Packers, Brett Favre, the Brewers or family. I came to see her as a real friend. Although she was hundreds of miles away in Wisconsin, I feel as if I’ve known her all my life. And I’m better for all the laughs she brought to my day. Thanks Deba!
Let us all bow our heads in respectful silence as we say goodbye to using run lengths as the primary indicator as to whether a job will be produced on a sheetfed offset press or a cut-sheet digital printer. Say a prayer and take a moment to reflect on the benchmarks of yesterday...
RR Donnelley contends Martha Stewart's media company did not live up to the terms of a 2006 contractual agreement, which Donnelley says has cost it at least $7.7 million.
Quad/Graphics has filed a site plan with the Franklin (Wisconsin) Community Development Authority to add approximately 60,000 square feet for printing, packaging and warehousing at the former Proteus Packaging plant.
Aramis Brown and Zaphronsia Wheeler of Chicago—employees in the airport's International Service Center—stole from at least 16 packages during seven thefts, the newspaper reported, citing a statement from the U.S. attorney's office. They were arrested Wednesday morning and confessed to the crimes.
Xerox relied on a number of resources to take down consumables thieves, including chain security controls, audits of ordering and consumption, Web and marketplace monitoring, and fraud mitigation programs. The company keeps a watchful eye on the ordering and distribution of supplies to stave off leakage to the black market.
Well, as the M&A environment continues to evolve, companies are now hammering out strategic alliances that may or may not involve the exchange of rings or changing of one's maiden brand. And it seems that more deals are turning into work-share programs—split the work, share in the expenses. Competitors with benefits.