Commercial Printing Industry News Briefs from Printing Impressions’ November 2013 edition, including Arandell, The MATLET Group, Edwards Brothers Malloy, Eastman Kodak,
INTERNATIONAL FALLS, MN—Boise Inc. scheduled nearly 300 layoffs this week at its paper mill here, a result of declining product consumption and the need to reduce costs brought about by the closing of three paper machines.
Boise Paper Mill in International Falls, MN, said decline in product consumption and a need to reduce costs prompted the closing of three of their machines...and the laying off of close to 300 people.
"They were primarily smaller, vintage machines that produced specialty products and they added complexity to our mill," said Lori Lyman, public affairs manager at the mill. "And the fact that we had to purchase pulp from the outside, that made them higher cost machines, which was not sustainable in the long term."
Machines will begin closing Saturday. Layoffs will be concluded by October 1st.
LAKE FOREST, IL and BOISE, ID—Packaging Corp. of America (PCA) and Boise have entered into a definitive agreement under which PCA will acquire all of the outstanding common shares of Boise for $12.55 per share in cash, for an aggregate transaction value of $1.995 billion, inclusive of $714 million of outstanding indebtedness of Boise. The transaction is expected to close in the fourth quarter of 2013 with committed debt financing, but is subject to certain customary conditions and regulatory approvals.
Packaging Corp. of America (PCA) and Boise have entered into a definitive agreement under which PCA will acquire all of the outstanding common shares of Boise for $12.55 per share in cash. The transaction is expected to close in the fourth quarter of 2013 with committed debt financing, but is subject to certain customary conditions and regulatory approvals.
In an effort to further the company’s commitment to customer service, Boise Inc. has introduced new, intuitive categories for the Performance and Impact brand of papers.
Boise is permanently ceasing production on the one remaining paper machine at its mill in St. Helens, OR. The decision will reduce its annual uncoated freesheet capacity by almost 60,000 tons and result in a loss of approximately 100 jobs.
4Over Opening New Facility GLENDALE, CA—Trade printer 4Over will open a new production facility in Dayton, OH. The announcement came during Graph Expo in Chicago. It will be fully operational by year’s end and is expected to cut turnaround times by about 50 percent. Another expected benefit is reduced shipping costs. Motheral Vies for Sprint Press FORT WORTH, TX—Motheral Printing has signed a letter of intent to purchase Sprint Press. The deal is expected to be finalized in the next 60 days. Sprint majority owner Bob Williams is retiring. The acquisition of Sprint Press bolsters Motheral’s sheetfed capacity while also adding diecutting capabilities. All 100 Sprint
BUZZ WORDS come and go, especially at Graph Expo, where they’re here one year and gone the next. “Sustainability” is not a buzz word. It’s a commitment—and it’s here to stay. While printers and vendors alike were talking all things “green” at the show, much of the excitement was coming from paper and ink manufacturers, who have been at the head of the eco movement, having spent the past several years investing heavily in R&D on new lines of environmentally friendly products. Now, many of these suppliers have become pioneers and leaders in the ever-growing sustainability campaign. The following is a sampling of some
BOISE, ID—Boise Cascade has entered into an agreement with Aldabra 2 Acquisition that sees Boise selling off its paper, packaging and newsprint segments for approximately $1.65 billion. As part of the deal, Aldabra will change its name to Boise Paper and will apply for listing on either the New York Stock Exchange or NASDAQ.Privately held…